Fidelity National (FIS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors interested in stocks from the Financial Transaction Services sector have probably already heard of Fidelity National Information Services (FIS) and Shift4 Payments (FOUR). But which of these two stocks is more attractive to value investors?
Fidelity National (FIS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
FIS remains well-poised for growth, attributable to strong contributions from Banking Solutions and Capital Markets units, acquisitions and digital transformation efforts.
FIS is well-poised for growth, attributable to strong segmental performance, acquisitions and prudent capital deployment.
FIS is reportedly acquiring U.K. supply chain finance firm Demica in a $300 million deal. The two parties agreed to a deal last week, Sky News reported, citing unnamed sources.
FIS is teaming with Oracle to remove paper checks from the utility billing process. The FinTech company announced Tuesday (Nov. 12) that its BillerIQ solution, running on the Oracle Cloud Infrastructure, will allow Oracle — which manages billions of utility customer bills each year — to roll out electronic bill delivery.
After years of underperformance, FIS has become one of the best-performing stocks within its peer group. Unfortunately, however, this trend is unlikely to continue as the stock is now priced more in line with fundamentals. Revenue growth remains sluggish and the opportunity for further margin improvements is now limited.
Fidelity National Information Services shares have gained 66% over the past year due to business simplification, but are now trading at fair value. Q3 earnings beat expectations with $1.40 EPS and $2.6 billion revenue, driven by recurring revenue growth and cost controls. FIS returned $700 million to shareholders in Q3, including $500 million in buybacks, and reduced debt significantly from $18 billion to $10.9 billion.
Investors interested in Financial Transaction Services stocks are likely familiar with Fidelity National Information Services (FIS) and Equifax (EFX). But which of these two companies is the best option for those looking for undervalued stocks?
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On Monday, Fidelity National Information Services, Inc FIS reported third-quarter revenue of $2.57 billion, up 3% year over year, topping the analyst consensus of $2.56 billion. Adjusted EPS of $1.40 beat the analyst consensus of $1.29.