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FIS Shares Plummet 12% Despite Strong Digital Sales Surge

2/11/2025

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Summary

Story summary

Fidelity National Information Services (FIS) shares fell 12% following disappointing quarterly earnings and a weak forecast.
Earnings per share reached $1.40, slightly exceeding expectations, but revenue was below at $2.6 billion.
CEO Stephanie Ferris acknowledged missed growth estimates for 2024 but remains optimistic about future sales.
Analysts hold a "Moderate Buy" rating, with target prices between $86 and $102.
New sales of digital solutions surged 70% year-over-year, indicating strong demand.

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Story summary

Fidelity National Information Services (FIS) shares fell 12% following disappointing quarterly earnings and a weak forecast.
Earnings per share reached $1.40, slightly exceeding expectations, but revenue was below at $2.6 billion.
CEO Stephanie Ferris acknowledged missed growth estimates for 2024 but remains optimistic about future sales.
Analysts hold a "Moderate Buy" rating, with target prices between $86 and $102.
New sales of digital solutions surged 70% year-over-year, indicating strong demand.