Quite a few analysts from Wall Street have predicted that the stocks of FIS would be putting out a fiscal sum of $3.37 billion for this quarter. According to a report, ten of the investment analysts have already provided estimates into the earnings of the company. The ball has been rolled at $3.32 billion with the highest coming in at $3.39 billion. The company will also be posting a sales sum of $2.96 billion for the same year, which does indicate an annual growth rate of 13.9%. The company will be putting up its next quarterly report on the 3rd of August.
Stock Commentary Of FIS
FIS had previously issued their quarterly earnings on the 6th of May. The EPS reported by the company during that period was $1.30, which was more than the consensus estimate of $1.25. The revenue generated by the company during this period was $3.22 billion, which was more than the consensus estimate of $3.16 billion. The company has a net margin of -1.82%, with the return on equity coming to 7.01%.
There have been quite a few research equities that have commented on the stocks of FIS. Morgan Stanley has already increased the price target of the company from $149 to $154 with a rating of equal weight in a 14th May research report. Mizuho Securities has also put up a rating of buy with a price target of $185 in a 30th June research report.
TheStreet has also reduced the rating of the company from b- to c+ in a 6th July research report. Raymond James has also increased the price target of the company from $170 to $194 with a rating of strong buy in a 7th May research report. In the end, Robert W. Baird has also increased the price target of the company from $166 to $176 with a rating of outperform.
Seven of the investment analysts involved with the company have issued it with a rating of hold. Fourteen others have given the company a rating of buy. Currently, the price target of FIS is $165.59 with a buy rating.