Fidelity National Information Services (FIS) reported results that showed momentum across what management has termed “the money lifecycle,” where funds might be “at rest, “in motion” or “at work.” CEO Stephanie Ferris said during the Monday (Nov. 4) conference call with analysts that recurring revenue growth accelerated to 6%.
FIS's third-quarter results benefit from improved recurring revenue growth and EBITDA margins. Higher expenses partially offset the results.
Fidelity National Information Services, Inc. (NYSE:FIS ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants George Mihalos - Head, Investor Relations Stephanie Ferris - Chief Executive Officer and President James Kehoe - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Tien-Tsin Huang - JP Morgan Dan Dolev - Mizuho Jason Kupferberg - Bank of America Darrin Peller - Wolfe Research John Davis - Raymond James Vasu Govil - KBW Will Nance - Goldman Sachs Timothy Chiodo - UBS David Koning - Baird Andrew Schmidt - Citi Operator Good day, and welcome to the FIS Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Fidelity National (FIS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Fidelity National Information Services (FIS) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $0.94 per share a year ago.
FIS' third-quarter earnings are likely to have benefited from strong recurring revenue growth in both the segments and new sales momentum.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Fidelity National (FIS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
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.
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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.