FIS Guides FY Revenue $13.63B-$13.7B, In Line with Expectations
FIS is trading near its 52-week low of $37.42 (7.7% above the low).
Summary
FIS issued full-year revenue guidance of $13.63 billion to $13.7 billion, a key data point for modeling after the Worldpay divestiture and Issuer Solutions acquisition. The range provides a baseline for the post-transaction revenue run rate, though no earnings or margin outlook was included. This follows the Q1 report in May, which showed a 12% adjusted EPS increase and a $2.2 billion gain from the Worldpay sale. The guidance appears consistent with consensus estimates, so the immediate stock reaction may be muted, but it reduces uncertainty around the top-line trajectory. Watch for management commentary on the earnings call for margin and cash flow details.
At the time of this announcement, FIS was trading at $40.29 on NYSE in the Finance sector, with a market capitalization of approximately $23.1B. The 52-week trading range was $37.42 to $79.45. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.