Fidelity National Info Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fidelity National Info (NYSE:FIS) will unveil its latest earnings on Tuesday, July 17, 2012. Fidelity National Information Services offers technology solutions, processing services to the financial services industry.

Fidelity National Info Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 58 cents per share, a rise of 5.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 61 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 59 cents during the last month. Analysts are projecting profit to rise by 7% versus last year to $2.43.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported net income of 51 cents per share versus a mean estimate of profit of 51 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by one cent.

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Stock Price Performance: From June 12, 2012 to July 11, 2012, the stock price rose $2.02 (6.3%), from $32.10 to $34.12. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 30, 2012, when shares rose for 11 straight days, increasing 6% (+$1.62) over that span. It saw one of its worst periods between May 1, 2012 and May 8, 2012 when shares fell for six straight days, dropping 5.3% (-$1.79) over that span.

A Look Back: In the first quarter, profit fell 6.1% to $87.1 million (29 cents a share) from $92.8 million (30 cents a share) the year earlier, meeting analyst expectations. Revenue rose 4.6% to $1.45 billion from $1.38 billion.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.6 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

Key Stats:

After last quarter’s profit drop broke a string of income increases, this earnings announcement is definitely a chance for a rebound. Net income rose 37.4% in the second quarter of the last fiscal year, 23.5% in the third quarter of the last fiscal year and 5.8% in the fourth quarter of the last fiscal year before declining in the first quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 12.1% in the second quarter of the last fiscal year, 4.3% in the third quarter of the last fiscal year and 7% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Wall St. Revenue Expectations: Analysts predict a rise of 4.2% in revenue from the year-earlier quarter to $1.5 billion.

Analyst Ratings: With seven analysts rating the stock as a buy, none rating it as a sell and seven rating it as a hold, there are indications of a bullish outlook.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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