Fidelity National Information Services Earnings: Here’s Why Investors Don’t Like These Results

Fidelity National Information Services, Inc. (NYSE:FIS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.14%.

Fidelity National Information Services, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.94% to $0.68 in the quarter versus EPS of $0.65 in the year-earlier quarter.

Revenue: Rose 0.37% to $1.5 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Fidelity National Information Services, Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company missed the mean analyst estimate of $0.69. It missed the average revenue estimate of $1.51 billion.

Quoting Management: “Our strong performance in 2012 reflects the strength of our operating model and success in executing our business strategy,” said Frank Martire, chairman and chief executive officer of FIS. “Consistent with our focus on value creation and disciplined capital allocation, we returned $686 million to shareholders through dividends and share repurchases.”

Key Stats (on next page)…

Revenue increased 4.39% from $1.44 billion in the previous quarter. EPS increased 7.94% from $0.63 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 $0.61 and has not changed. For the current year, the average estimate is a profit of $2.52, 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)