Can Fidelity National (FIS) Keep the Earnings Surprise Streak Alive?

Core Insights - Fidelity National Information Services (FIS) is well-positioned to continue its earnings-beat streak in upcoming reports, with a history of surpassing earnings estimates, particularly in the last two quarters, averaging a surprise of 6.12% [1] Earnings Performance - For the most recent quarter, Fidelity National reported earnings of $1.40 per share, exceeding the expected$1.35 per share, resulting in a surprise of 3.70%. In the previous quarter, the company also surpassed expectations, reporting $1.40 per share against a consensus estimate of$1.29 per share, achieving a surprise of 8.53% [2] Earnings Estimates and Predictions - Estimates for Fidelity National have been trending higher, supported by its history of earnings surprises. The stock has a positive Zacks Earnings ESP of +2.06%, indicating that analysts have recently become more optimistic about the company's earnings prospects [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong likelihood of another earnings beat, with research indicating that stocks with this combination beat consensus estimates nearly 70% of the time [6][8] Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions. This metric is crucial for predicting earnings performance, as it incorporates the most current information available [7] Importance of Earnings ESP - While many companies may beat consensus EPS estimates, this alone does not guarantee stock price increases. Therefore, it is essential to check a company's Earnings ESP prior to quarterly releases to enhance the chances of successful investment decisions [9]