Fidelity National Information Services (FIS) Q3 Earnings and Revenues Surpass Estimates

Core Viewpoint - Fidelity National Information Services (FIS) reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings per share and revenues [1][3]. Financial Performance - The company achieved quarterly earnings of $1.40 per share, surpassing the Zacks Consensus Estimate of $1.29 per share, and up from $0.94 per share a year ago, representing an earnings surprise of 8.53% [1][2]. - Revenues for the quarter were $2.57 billion, exceeding the Zacks Consensus Estimate by 0.13% and up from $2.49 billion in the same quarter last year [3]. Market Performance - Fidelity National shares have increased approximately 48.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 20.1% [4]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for continued outperformance in the near future [7]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.34, with projected revenues of $2.63 billion, and for the current fiscal year, the EPS estimate is $5.09 on revenues of $10.15 billion [8]. - The Financial Transaction Services industry, to which Fidelity National belongs, is ranked in the top 34% of Zacks industries, suggesting a favorable outlook for the sector [9].