FIS Reaffirms FY24 Outlook For Revenue Of $10.10B-$10.15B (Est $10.129B), Raises Adjusted EPS Forecast From $4.66-$4.76 To $4.88-$4.98 (Est $4.71)
Portfolio Pulse from Benzinga Newsdesk
FIS has reaffirmed its FY24 revenue outlook to be between $10.10 billion and $10.15 billion, aligning with estimates of $10.129 billion. Additionally, FIS has increased its adjusted EPS forecast from the range of $4.66-$4.76 to $4.88-$4.98, surpassing the estimated $4.71.
May 06, 2024 | 8:23 pm
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FIS reaffirms its FY24 revenue outlook at $10.10B-$10.15B and raises its adjusted EPS forecast from $4.66-$4.76 to $4.88-$4.98, exceeding the estimated $4.71.
The reaffirmation of FIS's revenue outlook indicates stability and meets market expectations, which is a positive signal for investors. The increase in the adjusted EPS forecast significantly above the market estimate suggests higher profitability and operational efficiency than anticipated. This update is likely to instill confidence among investors, potentially leading to a positive short-term impact on FIS's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100