Fidelity National Information Services
The 10-second takeaway
For the quarter ended March 31 (Q1), Fidelity National Information Services met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share increased. GAAP earnings per share expanded significantly.
Margins grew across the board.
Fidelity National Information Services logged revenue of $1.48 billion. The 15 analysts polled by S&P Capital IQ hoped for sales of $1.47 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.62. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.60 per share. Non-GAAP EPS of $0.62 for Q1 were 13% higher than the prior-year quarter's $0.55 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.49 for Q1 were 69% higher than the prior-year quarter's $0.29 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.8%, 180 basis points better than the prior-year quarter. Operating margin was 18.6%, 290 basis points better than the prior-year quarter. Net margin was 9.7%, 350 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.53 billion. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $6.09 billion. The average EPS estimate is $2.81.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 119 members out of 137 rating the stock outperform, and 18 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Fidelity National Information Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fidelity National Information Services is outperform, with an average price target of $40.00.
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