Fidelity National Information Services Earnings: Everything You Must Know Now
Fidelity National Information Services, Inc. (NYSE:FIS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Fidelity National Information Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.58% to $0.71 in the quarter versus EPS of $0.66 in the year-earlier quarter.
Revenue: Rose 3.83% to $1.51 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Fidelity National Information Services, Inc. reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.70. It missed the average revenue estimate of $1.53 billion.
Quoting Management: “We are pleased with our financial results through the first half of 2013, which are in line with our expectations,” said Frank Martire, chairman and CEO of FIS. “We remain focused on delivering strategic value to our clients, executing our global business strategy and driving higher returns for our shareholders.”
Key Stats (on next page)…
Revenue increased 2.37% from $1.48 billion in the previous quarter. EPS increased 14.52% from $0.62 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.72 and has not changed. For the current year, the average estimate is a profit of $2.83, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)