Core Viewpoint - Fidelity National Information Services (FIS) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade for Fidelity National reflects a positive outlook on its earnings, likely leading to favorable stock price movements [4][6]. Impact of Earnings Estimates on Stock Prices - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [5]. - Institutional investors often adjust their valuations based on earnings estimates, which can lead to significant stock price changes [5]. Recent Performance of Fidelity National - Fidelity National is projected to earn $5.75 per share for the fiscal year ending December 2025, representing a year-over-year increase of 10.2% [9]. - Over the past three months, the Zacks Consensus Estimate for Fidelity National has increased by 0.4% [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [8]. - The upgrade to Zacks Rank 2 places Fidelity National in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [11].