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Fidelity National Information Services releases FY'18 guidance

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Fidelity National Information Services releases FY'18 guidance

Fidelity National Information Services Inc. expects to record EPS of $3.00 to $3.35 in 2018. Adjusted EPS is expected to be between $5.10 and $5.30.

The Capital IQ consensus EPS estimate for the year is $4.86.

The company also projected a consolidated GAAP revenue decrease of 1.5% to 2.5% for the year. It will invest up to $100 million into its employees, innovation and data center consolidation as a result of The Tax Cuts and Jobs Act.

Additionally, Fidelity National Information Services reported net earnings attributable to common shareholders of $988 million, or $2.98 per share, in the fourth quarter of 2017. The company notched $207 million, or 63 cents per share, in the year-ago period.

The Capital IQ consensus normalized EPS estimate for the quarter was $1.34.

For full year 2017, Fidelity National Information Services disclosed net earnings attributable to common shareholders of $1.32 billion, or $4.00 per share, up from $568 million, or $1.74 per share, a year ago.