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Fidelity National Info (FIS)
NYSE:FIS
Holding FIS?
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.36Last Year’s EPS
$0.94Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -9.67%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted positive financial performance, strategic partnerships, and shareholder returns, suggesting strong operational execution. However, challenges such as high capital expenditures and necessary accounting revisions were noted. Overall, the sentiment leans towards positive due to the outweighing achievements.Company Guidance
During the FIS Third Quarter 2024 Earnings Call, the company reported strong financial performance, exceeding their financial targets and raising their full-year outlook. Key metrics shared included a 4% growth in adjusted revenue, driven by a strong 6% increase in recurring revenue. The adjusted EBITDA margin reached 41.3%, surpassing expectations, with a year-over-year margin expansion observed in both operating segments. Adjusted EPS grew 13% year-over-year to $1.40 on a normalized basis, and FIS returned $700 million to shareholders through buybacks and dividends. Additionally, the company highlighted a robust sales momentum, particularly in core banking, digital solutions, and loyalty offerings, and noted the closing of a strategic acquisition with Dragonfly Technologies. The outlook for 2024 was raised, with anticipated full-year adjusted EPS between $5.15 and $5.20, reflecting a 16% to 17% normalized growth.Strong Revenue and EPS Growth
Adjusted revenue grew 4% in the third quarter, driven by a strong acceleration in recurring revenue growth. Adjusted EPS increased 13% year-over-year, with an adjusted EPS of $1.40.
Successful Strategic Partnerships and Acquisitions
FIS secured several strategic partnerships, including with Apple and Commerce Bank, and completed the acquisition of Dragonfly Technologies to enhance digital offerings.
Shareholder Returns
FIS returned $700 million to shareholders in the third quarter through buybacks and dividends, with a year-to-date repurchase of $3 billion in shares.
Capital Markets Segment Performance
Capital Markets segment reported a 7% revenue growth, driven by a 6% increase in recurring revenue and a 20% rise in nonrecurring revenue.
Recognition and Awards
FIS was recognized as one of the world's best companies by TIME Magazine and received accolades for several of its solutions from industry experts.
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FIS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FIS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $88.72 | $89.32 | +0.68% |
| Aug 06, 2024 | $72.18 | $75.88 | +5.13% |
| May 06, 2024 | $69.52 | $73.33 | +5.48% |
| Feb 26, 2024 | $63.11 | $66.10 | +4.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fidelity National Info (FIS) report earnings?
Fidelity National Info (FIS) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Fidelity National Info (FIS) earnings time?
Fidelity National Info (FIS) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FIS EPS forecast?
FIS EPS forecast for the fiscal quarter 2024 (Q4) is $1.36.
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