Fidelity National Information Services (FIS) Q1 Earnings and Revenues Surpass Estimates

Core Insights - Fidelity National Information Services (FIS) reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.20 per share, and up from $1.10 per share a year ago [1] - The company achieved revenues of $2.53 billion for the quarter, surpassing the Zacks Consensus Estimate by 1.10%, and an increase from $2.47 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was 0.83%, and FIS has surpassed consensus EPS estimates in all four of the last quarters [2] - The company had a previous quarter earnings expectation of $1.35 per share but reported $1.40, resulting in a surprise of 3.70% [2] Revenue Performance - FIS has topped consensus revenue estimates three times over the last four quarters, indicating strong performance in revenue generation [3] Stock Performance and Outlook - Fidelity National shares have declined about 3% since the beginning of the year, slightly better than the S&P 500's decline of 3.9% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings numbers [4] Earnings Outlook - Current consensus EPS estimate for the upcoming quarter is $1.42 on revenues of $2.58 billion, and for the current fiscal year, it is $5.74 on revenues of $10.47 billion [8] - The estimate revisions trend for Fidelity National is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [7] Industry Context - The Financial Transaction Services industry, to which Fidelity National belongs, is currently in the top 35% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [9]