News · Fidelity National Information Services, Inc. (FIS) · Technology
FIS rises after scheduling third-quarter results and investor webcast
What happened
FIS rose 2.7% on October 13 after it said it would release third-quarter 2026 results on November 3 and host a live webcast, Business Wire reported. The stock closed at $35.20 after opening 1.2% above the previous close, and trading volume was 1.3 times its 20-day average. The S&P 500 was unchanged on the day while the Technology sector median fell 0.3%, leaving the stock 3.0 percentage points better than the sector median.
How big was the move
The session represented a large, mostly company-specific move: the stock moved far more than the market and its sector, and the intraday activity followed the Business Wire announcement. The session’s move amounted to 1.2 times a typical daily move for this stock, and its beta of 0.46 indicates the stock tends to move less than the market. Trading interest ran above recent norms, consistent with investors repositioning ahead of the scheduled results and webcast.
The technical picture
Technically, the stock showed short-term resilience but a weak longer-term trend. The stock was 2.2% above its 20-day moving average but 8.4% below its 50-day moving average and 22.9% below its 200-day moving average, with the 50-day average below the 200-day average. The Relative Strength Index (14 days) read 47, inside a neutral range between 30 and 70. FIS was 49.0% below its 52-week high and had fallen 7.8% over one month, 14.4% over three months and 47.4% over one year, trailing the S&P 500 by 66.5 percentage points over that year. Volatility measured 35% annualized over 60 days, higher than 67% of its own readings over five years, indicating recent swings that may amplify investor reactions to the upcoming report.
Fundamentals and valuation
Over the four quarters through June 30, 2026, FIS reported revenue of $12.42 billion, which grew 20.4% from a year earlier. Diluted earnings per share for that period were $6.53, with reported earnings per share growth of 3631.4% from a year earlier. Gross margin edged up to 37.1% from 36.7% a year earlier, while operating margin narrowed to 16.4% from 18.3% a year earlier. Free-cash-flow margin stood at 21.8% and return on invested capital was 4.6%. On the balance sheet, the company carried net debt of 3.3 times EBITDA and its share count decreased by 1.5% over one year.
Valuation metrics paint a picture of compressed market expectations relative to past norms. The stock traded at 5.4 times trailing earnings and 5.7 times expected earnings, with a free-cash-flow yield of 15.4%. The trailing earnings multiple is the lowest reading of the past five years, compared with a five-year median of 64.6 times earnings. PromtFinance scores rank the company highly for Value (98) and Growth (92) but weak on Quality (28), Momentum (13) and Revisions (27), suggesting investors prize its price and recent growth while expressing concerns about earnings durability and upward analyst revisions.
Earnings and analyst expectations
The company said it would release third-quarter 2026 financial results on Tuesday, November 3, 2026, before the market opens, and host a live webcast of its earnings conference call at 8:30 a.m. ET, Business Wire reported. Company materials also list a next report date of November 4, 2026. In its most recent report, on August 4, 2026, FIS posted earnings per share of $1.48 against $1.47 expected, 0.7% above estimates. That marked two consecutive quarters beating estimates and an average surprise over the last four reports of 1.9% above estimates. Historically, the typical two-day reaction after recent reports was a fall of 3.5%, a reminder that short-term market moves have often been negative even when results topped expectations.
What to watch
- November 3, 2026: company will release third-quarter 2026 financial results before the market opens and hold a live webcast of its earnings conference call at 8:30 a.m. ET, Business Wire reported.
- November 4, 2026: next report date listed in company materials.
- Consensus price target of $47.15 from 37 analysts, 33.9% above the closing price.
- Valuation metrics to monitor: 5.4 times trailing earnings and free-cash-flow yield of 15.4%.