Wall Street analysts expect Fidelity National Information Services (FIS) to post quarterly earnings of $1.20 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. Revenues are expected to be $2.51 billion, up 1.9% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Fidelity National metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Revenue- Banking Solutions' to reach $1.71 billion. The estimate suggests a change of +1.3% year over year.
Analysts expect 'Revenue- Corporate and Other' to come in at $49.64 million. The estimate indicates a year-over-year change of -35.5%.
It is projected by analysts that the 'Revenue- Capital Market Solutions' will reach $756.36 million. The estimate suggests a change of +7.1% year over year.
The average prediction of analysts places 'Adjusted EBITDA- Banking Solutions' at $720.66 million. Compared to the current estimate, the company reported $745 million in the same quarter of the previous year.
The consensus estimate for 'Adjusted EBITDA- Capital Market Solutions' stands at $360.18 million. The estimate is in contrast to the year-ago figure of $335 million.
View all Key Company Metrics for Fidelity National here>>>
Shares of Fidelity National have demonstrated returns of +4.2% over the past month compared to the Zacks S&P 500 composite's -0.7% change. With a Zacks Rank #2 (Buy), FIS is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Fidelity National Information Services, Inc. (FIS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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