Fidelity National Information Services Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fidelity National Information Services (NYSE:FIS) will unveil its latest earnings on Tuesday, November 1, 2011. Fidelity National Information Services offers technology solutions, processing services to the financial services industry.

Fidelity National Information Services Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 61 cents per share, a rise of 17.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.30 per share, a rise of 13.9% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported net income of 55 cents per share versus a mean estimate of 54 cents. Two quarters ago, it reported profit of 45 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.43 billion in revenue this quarter, a rise of 10.9% from the year ago quarter. Analysts are forecasting total revenue of $5.76 billion for the year, a rise of 10.8% from last year’s revenue of $5.2 billion.

Analyst Ratings: eight out of 13 analysts surveyed (61.5%) have a buy rating on Fidelity National Information Services.. This is below the mean analyst rating of 10 competitors, which average 67% buy ratings. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose 37.4% to $123.5 million (40 cents a share) from $89.9 million (23 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 12.1% to $1.44 billion from $1.29 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 10.7% in the first quarter from the year earlier, climbed 8.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 60.7% in the third quarter of the last fiscal year.

Competitors to Watch: Visa Inc. (NYSE:V), Alliance Data Systems Corp. (NYSE:ADS), MasterCard Incorporated (NYSE:MA), American Express Company (NYSE:AXP), NetSpend Holdings Inc (NASDAQ:NTSP), Green Dot Corporation (NYSE:GDOT), Global Payments Inc. (NYSE:GPN), Intl. Business Machines Corp. (NYSE:IBM), M & F Worldwide Corp. (NYSE:MFW), and Total System Services, Inc. (NYSE:TSS).

Stock Price Performance: During August 2, 2011 to October 26, 2011, the stock price had fallen $1.88 (-6.7%) from $28.19 to $26.31. The stock price saw one of its best stretches over the last year between January 6, 2011 and January 18, 2011 when shares rose for eight-straight days, rising 6.4% (+$1.81) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six-straight days, falling 5.5% (-$1.72) over that span. Shares are down 94 cents (-3.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.