FIS Sees Q1 Adj. EPS $0.94-$0.97 vs $0.95 Est., Revenue $2.43B-$2.455B vs $2.46B Est.; Sees FY24 Adj. EPS $4.66-$4.76 vs $4.42 Est., Revenue $10.1B-$10.15B vs $10.12B Est.
Portfolio Pulse from Benzinga Newsdesk
FIS provided its Q1 adjusted EPS guidance in the range of $0.94-$0.97, slightly below the $0.95 estimate. Revenue guidance for Q1 is set at $2.43B-$2.455B, marginally below the $2.46B estimate. For FY24, FIS forecasts an adjusted EPS of $4.66-$4.76, surpassing the $4.42 estimate, with revenue projections of $10.1B-$10.15B, slightly below the $10.12B estimate.
February 26, 2024 | 12:05 pm
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NEUTRAL IMPACT
FIS provided its Q1 and FY24 earnings and revenue guidance, with Q1 figures slightly below estimates but FY24 EPS forecasts beating expectations.
The mixed guidance from FIS, with Q1 figures slightly below expectations but a stronger FY24 EPS outlook, suggests a neutral to slightly positive short-term impact. The beat on FY24 EPS estimates indicates confidence in long-term growth, potentially offsetting the slight miss in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100