Shares of Fidelity National Information Services (NYSE: FIS ) have been a strong performer over the past year, gaining 66% as its business simplification has paid off for investors. However, shares have pulled back a bit from their 52-weekOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me kno ...

Core Viewpoint - The article emphasizes the importance of utilizing Zacks Premium services, including Zacks Rank and Style Scores, to enhance investment confidence and identify high-potential stocks. Zacks Style Scores - Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum characteristics, helping investors select securities likely to outperform the market in the short term [3][4]. - Stocks are rated from A to F, with A indicating the highest potential for outperformance [4]. Value Score - The Value Score identifies attractive and discounted stocks using financial ratios such as P/E, PEG, and Price/Sales [4]. Growth Score - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [5]. Momentum Score - The Momentum Score assesses stocks based on price trends and earnings outlook changes, indicating favorable times to invest in high-momentum stocks [5]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with strong value, growth, and momentum characteristics [6]. Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8]. - There are over 800 top-rated stocks available, making it essential for investors to utilize Style Scores to narrow down choices [9]. Stock Highlight: Fidelity National Information Services (FIS) - Fidelity National Information Services, Inc. is a provider of banking and payments technology solutions, formed through a merger in 2006 [12]. - FIS holds a 2 (Buy) rating on the Zacks Rank and has a VGM Score of B, with a Momentum Style Score of A, indicating strong performance potential [13][14]. - Recent upward revisions in earnings estimates by analysts have increased the Zacks Consensus Estimate for FIS to $5.19 per share, with an average earnings surprise of 8.2% [13].

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.The company expects fiscal 2024 revenue of $10.14 billion – $10.17 billion (prior $10.12 billion – $10.17 billion) and adjusted EPS of $5.15 – $5.20 (prior $5.03 – $5.11).Also Read: Short Squeeze – GlobalFoundries Stock Soars On Q3 Earnings Beat, Strong Q4 OutlookMultiple ana ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ Form 10-Q _______________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-16427 __________________ ...

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%.Supplemental materials released by the company detailed that adjusted revenues were 4% higher to $2.6 billion.Cross-Selling MomentumCross-selling opportunities grew across its installed ...

Fidelity National Information Services, Inc. (FIS) reported third-quarter 2024 adjusted earnings per share (EPS) of $1.40, which beat the Zacks Consensus Estimate by 8.5%. Also, the bottom line increased 48.9% year over year.Revenues grew 3.2% year over year to $2.6 billion. Also, the top line beat the consensus mark by a whisker.The strong third-quarter results benefited from strong recurring revenue growth in both segments and new sales momentum. It witnessed improved results from both the Banking Solutio ...

Financial Data and Key Metrics Changes - Adjusted revenue grew 4% in Q3 2024, driven by strong recurring revenue growth [8][23] - Adjusted EBITDA margin reached 41.3%, exceeding expectations with year-over-year margin expansion in both operating segments [9][23] - Adjusted EPS was $1.40, reflecting a 49% increase year-over-year and a 13% increase on a normalized basis [9][23] - Free cash flow was reported at $530 million with a cash conversion rate of 85% [27] Business Line Data and Key Metrics Changes - Banking revenue growth was 3%, with recurring revenue accelerating to 6% [29] - Capital markets adjusted revenue growth was 7%, led by recurring revenue growth of 6% [31] - Professional services revenue increased by 10% year-over-year, indicating stabilization and acceleration in the second half [30] Market Data and Key Metrics Changes - Strong demand was noted in the community bank space, with more core engagements signed in the first three quarters of 2024 than in all of 2023 [10] - The digital business saw nearly double the new sales year-over-year, indicating robust market momentum [11] Company Strategy and Development Direction - The company is focused on driving shareholder value through strategic partnerships and acquisitions, including the recent acquisition of Dragonfly Technologies [9][12] - Continued emphasis on high-quality recurring sales and cross-sell activities, which increased over 20% year-to-date [8] - The company aims to capitalize on growth vectors across the money lifecycle, including treasury and risk management solutions [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in stable economic trends across banking and capital markets, with no significant concerns for Q4 [43] - The company raised its full-year 2024 revenue and EBITDA outlook based on strong operational performance [32][35] - Management acknowledged challenges with rising technology supplier costs but emphasized that these are manageable within free cash flow conversion [46][47] Other Important Information - The company returned $700 million to shareholders in Q3 2024 through buybacks and dividends [9][26] - The company was recognized as one of the world's best companies by Time Magazine, reaffirming its leadership position [20] Q&A Session Summary Question: Can you help us think through the puts and takes for capital markets growth in Q4? - Management expects capital markets growth to be on the high end of the 6.5% to 7% range due to strong Q3 performance and easier year-over-year comparisons [38][39] Question: Can you comment on the contribution expected from the Dragonfly acquisition? - The contribution is expected to be less than $10 million in Q4, with initial dilution to margins but strong synergy opportunities anticipated [40] Question: What is the visibility going into Q4 regarding recurring and non-recurring revenue? - Management sees stable trends in banking and capital markets, with banks continuing to invest in technology [43][45] Question: Can you provide color on banking growth tracking versus different customer types? - Management is pleased with progress in core and digital banking, particularly with banks above $2 billion in assets [52][54] Question: What are the expectations for banking growth in Q4? - Management confirmed a slight adjustment in banking growth expectations due to accounting revisions and timing of client conversions [58][61] Question: What is the strategy for M&A moving forward? - The focus remains on small tuck-in acquisitions that can enhance growth verticals, with a robust pipeline and fair valuations [67][68] Question: How is the company managing rising capital expenditures? - Management indicated that the increase in capital expenditures is temporary and driven by supplier price increases, but cash conversion remains strong [73][75] Question: What is the outlook for Worldpay's growth? - Management sees no reason to be concerned about the 7.5% to 9.5% growth outlook for Worldpay, with strong performance expected to continue [84]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.53%. A quarter ago, it was expected that this banking and payment technologies company would post earnings of $1.23 per share when it actually produced earnings of $1.36, delivering a surpri ...

lele THIRD QUARTER 2024 EARNINGS CALL f November 4, 2024 1 Third Quarter Highlights Stephanie Ferris Chief Executive Officer and President Speakers 2 Financial Results & Outlook James Kehoe Chief Financial Officer 2 2 Disclosures Forward-looking Statements Our discussions today, including this presentation and any comments made by management, contain "forward-looking statements" within the meaning of the U.S. federal securities laws. Any statements that refer to future events or circumstances, including our ...

Exhibit 99.1 News Release FIS Reports Strong Third Quarter 2024 Results and Raises Full-Year Outlook • Third quarter GAAP Diluted EPS of $0.45 increased 7% over the prior-year period • Adjusted EPS of $1.40 increased 49% over the prior-year period • Revenue increased 3% on a GAAP basis and 4% on an adjusted basis to $2.6 billion • Repurchased $500 million of shares in the third quarter • Raises low-end of revenue and adjusted EBITDA full-year outlook and raises adjusted EPS full-year outlook JACKSONVILLE, F ...