Fidelity National Information Services, Inc. (NYSE:FIS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Fidelity National Information Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 16.98% to $0.62 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 2.15% to $1.48 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Fidelity National Information Services, Inc. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $1.47 billion.
Quoting Management: “We are very pleased with our strong first quarter results. We are consistently delivering on our financial targets and executing our strategy to optimize performance through organic revenue growth, margin expansion and double-digit increases in earnings per share,” said Frank Martire, chairman and chief executive officer of FIS.
Key Stats (on next page)…
Revenue decreased 1.47% from $1.5 billion in the previous quarter. EPS decreased 8.82% from $0.68 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 $0.69 and has not changed. For the current year, the average estimate is a profit of $2.81, 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)