Fidelity National Info Serv (FIS) Earnings: 1Q Adjusted EBITDA Boasts $1.16B with Confirmed Full-Year Outlook

Fidelity National Info Serv on Smartkarma

On Smartkarma, a platform for independent investment research, analysts from Baptista Research have provided coverage on Fidelity National Information Services (FIS). In a report titled “Digital Sales and Money Movement Capabilities Driving Demand!” by Baptista Research, FIS’s Q4 2023 earnings were highlighted, showcasing significant progress despite economic uncertainties and challenges posed by the banking crisis and inflation. The report applauds FIS’s strategic actions and focus renewal, including a major sale of Worldpay to GTCR, enhancing growth and operational opportunities for both entities.

Another report by Baptista Research, “Catering Beyond Financial Giants – What’s Their Secret?” sheds light on FIS Inc.’s recent performance, noting a slight miss on Wall Street’s revenue and earnings expectations. However, the company saw a 4% organic revenue increase, driven by a substantial 7% growth in recurring revenue within the Banking and Capital Markets segments. FIS Inc. also showcased strong free cash flow conversion, hitting an impressive 94% year-to-date and on track to surpass their 2023 target. Despite some setbacks, FIS Inc. demonstrates resilience and potential for continued growth.

A look at Fidelity National Info Serv Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts utilizing Smartkarma Smart Scores have indicated a positive long-term outlook for Fidelity National Information Services, Inc. based on its overall scores in key factors. The company has achieved a solid rating in Value and Dividend, showcasing stability and potential for returns. However, its Growth and Resilience scores suggest room for improvement in these areas. Notably, Fidelity National Info Serv excels in Momentum, reflecting strong market dynamics and performance.

Fidelity National Information Services, Inc. operates as a payment services provider, offering a range of financial solutions to both institutions and merchants. With a balanced performance across different criteria according to Smart Scores, the company appears well-positioned to capitalize on its strengths and address areas for enhancement in the foreseeable future.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma