Fidelity National Information Services (FIS) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 & FY20 EPS Views Below Consensus, FY20 Revenue Mid-Point Outlook Above Consensus

Fidelity National Information Services (NYSE: FIS) reported Q4 EPS of $1.57, $0.04 better than the analyst estimate of $1.53. Revenue for the quarter came in at $3.34 billion versus the consensus estimate of $3.33 billion.

• Increases 2020 synergy targets for revenue and expense synergies by $50 million and $250 million, respectively
• Increases total synergy targets for revenue and expense synergies by $50 million and $175 million, respectively
• Provides first quarter and full-year 2020 guidance

“2019 was a transformative year for FIS,” said Gary Norcross, FIS chairman, president and chief executive officer. “We closed the largest fintech acquisition of the year and exited 2019 well ahead of our Worldpay integration synergy schedule. Our record-setting new sales performance was underpinned by our ongoing investment in next-generation technology, and we are seeing significant cross sell gains from our expanded payments portfolio. These substantial accomplishments give us confidence in achieving our 2020 guidance.”

GUIDANCE:

Fidelity National Information Services sees Q1 2020 EPS of $1.30-$1.34, versus the consensus of $1.36. Fidelity National Information Services sees Q1 2020 revenue of $3.18-3.21 billion, versus the consensus of $3.2 billion.

Fidelity National Information Services sees FY2020 EPS of $6.17-$6.35, versus the consensus of $6.36. Fidelity National Information Services sees FY2020 revenue of $13.55-13.675 billion, versus the consensus of $13.56 billion.

For earnings history and earnings-related data on Fidelity National Information Services (FIS) click here.

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