Fiserv (FI) to Report Q3 Earnings: What’s in the Offing?


Fiserv, Inc. FI is scheduled to release its third-quarter 2023 results on Oct 24, before market open.

FI’s earnings surprise history has not been impressive. It has surpassed the Zacks Consensus Estimate in one of the four trailing quarters, missing on one instance and matching the mark on two occasions. The average surprise is negative 0.71%.

Q3 Expectations

The Zacks Consensus Estimate for the top line is currently pegged at $4.59 billion, up 7.4% from the year-ago actual figure. This growth can be attributed to the expected strong performance in Merchant Acceptance as well as the favorable performance of the Payments and Network segment.

Fiserv, Inc. Price and EPS Surprise

 

Fiserv, Inc. price-eps-surprise | Fiserv, Inc. Quote

The consensus estimate for earnings per share is pegged at $1.94, up 19% year over year. Strong segmental performance is likely to be the driving force of such earning growth.

Segmental Expectations

Our estimate for Processing and Services revenues for third-quarter 2023 is pegged at $3.91 billion, indicating 6.3% growth from the year-ago reported figure. Our estimate for Product revenues for the quarter is pegged at $901.6 million, indicating 7.3% growth from the year-ago reported figure.

Further, we are expecting Merchant Acceptance and Financial Technology revenues to grow 7.4% and 3% year over year, respectively. The GAAP revenue estimates of Payment and Network, and Corporate and Other revenues are pegged at $1.73 billion and $282.1 million, indicating year-over-year growth of 6.7% and 9.8%, respectively.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for FI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

FI has an Earnings ESP of -0.03% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to Consider

Here are a few stocks from the broader Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season.

Verisk AnalyticsVRSK: The company’s revenues are expected to decline 11.2% from the year-ago figure while the bottom line is expected to match the prior-year figure. VRSK has beaten the Zacks Consensus Estimate in three of the previous four quarters and matched on one instance, with an average surprise of 9.9%. The company  has an Earnings ESP of +10.66% and a Zacks Rank of 3. VRSK is expected to release its third-quarter earnings on Nov 1.

S&P GlobalSPGI: The company’s revenues are expected to increase 5.7% from the year-ago figure and the bottom line is expected to indicate 4.1% growth from the prior-year figure. SPGI has beaten the Zacks Consensus Estimate in three of the previous four quarters and matched on one instance, with an average surprise of 3.9%. The company  has an Earnings ESP of +0.15% and a Zacks Rank of 3. SPGI is expected to release its third-quarter earnings on Nov 2.

Trane Technologies TT: The company’s revenues and bottom line are expected to indicate growth of 9.3% and 17.2%, respectively, from the year-ago figure. TThas beaten the Zacks Consensus Estimate in all previous four quarters, with an average surprise of 7.3%. The company has an Earnings ESP of +0.89% and a Zacks Rank of 3. TT is expected to release its third-quarter earnings on Nov 1.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Zacks Names #1 Semiconductor Stock

It’s only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it’s positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

See This Stock Now for Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report

Fiserv, Inc. (FI) : Free Stock Analysis Report

Trane Technologies plc (TT) : Free Stock Analysis Report

S&P Global Inc. (SPGI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



Source link

Visited 1 times, 1 visit(s) today

Related Article

The Only Stock Warren Buffett Is Clearly Buying Right Now

Warren Buffett was a net seller of stocks for 13 consecutive quarters before stepping down as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) at the end of 2025. Don’t think for a second that the legendary investor has retired, though. New Berkshire CEO Greg Abel recently disclosed that Buffett still comes into the office

Stock P/Es Discounting Higher-For-Longer Oil Prices & Interest Rates

The fog of war is getting thicker because of the likelihood of US boots on the ground (the “bog of war”). The US Department of War has deployed 15,000 troops to the war zone, raising the risks of a longer war and more American casualties, which will cause an uproar in the US. On Tuesday,

How the Stock Market Performs After a Correction

I wrote piece last week called A Short History of Stock Market Pullbacks to show how often stocks are down certain levels over time: I like to do this when the stock market falls just as a reminder that it’s completely normal. Here’s the natural follow-up question I received: Do you have any charts or data

Halliburton Seizes Market Momentum with Automated Offshore Breakthrough

Halliburton Company’s stocks have been trading up by 4.38 percent amid strategic investments and growth optimism. Weekly Update Mar 23 – Mar 27, 2026: On Sunday, March 29, 2026 Halliburton Company stock [NYSE: HAL] is trending up by 4.38%! Discover the key drivers behind this movement as well as our expert analysis in the detailed

One Is Built for a Recession. Here’s Which One to Own.

It’s hard to find a truly recession-proof stock, but some companies are better equipped to weather recessions than others. When it comes to digital payments, Visa (NYSE: V) and Mastercard (NYSE: MA) run a virtual duopoly, but one is much better positioned to endure a recession than the other. If you had to choose between

Wall Street touts ‘grind lower’ trades as Iran weighs on stocks

(Bloomberg) — As the Iran war heads into a fifth week, Wall Street bank strategists have been touting trades that would pay off if a stock-market selloff is slow and steady. BBVA recently recommended April Euro Stoxx 50 Index put spreads, citing market complacency even in the face of a US troop buildup, while JPMorgan

The economics of war extend far beyond energy prices and stock markets

In the aftermath of the 2008 financial crisis, student groups pushed for curriculum change in economics. They wanted to learn about real-world economics beyond the stylized models that embroil students in mathematics. As an economics professor, my own students have asked me about issues like Gaza and Iran, when textbooks aren’t much help. Based on

1 Ridiculously Easy Way to Beat the Stock Market Experts

In the investment management industry, professional fund managers certainly get idolized. Whether it’s their sharp suits, clear commentary, or huge paychecks, it’s not surprising if regular investors want to emulate their strategies. After all, we’re all after big returns. But retail investors don’t need to do this. Here’s one ridiculously easy way you can beat

Intraday chart for The Hong Kong and China Gas Company Limited

Italy’s BFF Bank flags potential $920 million rise in past-due credit exposure

Market Closed – Borsa Italiana 12:45:00 2026-03-27 pm EDT 5-day change 1st Jan Change 3.180 EUR -0.56% +5.30% -66.53% Published on 03/29/2026 at 08:27 am EDT Reuters © Reuters – 2026 Mar. 20 European markets lack momentum, Brent falls below USD110 AN Mar. 19 Bearish sentiment grips markets; TIM deal sends Inwit tumbling AN Mar.

Over 700 Chinese A-share firms release financial results for 2025, with hard-tech sector posting notable performance

stocks File photo:VCG More than 700 Chinese companies listed on the domestic A-share market had released their financial results for 2025 as of Sunday, with hard-tech firms posting impressive earnings performances, according to domestic financial service provider iFinD.  Among the 737 A-share companies that had released their results, 634 reported profits, while 103 reported losses.

Fed Chair Jerome Powell Just Sent a Signal That Could Shake the Stock Market

Rising levels of inflation wrecked the stock market party in 2022. Could the same happen in 2026? Federal Reserve Chair Jerome Powell certainly thinks it is a possibility. After the Federal Reserve decided to keep interest rates unchanged at its latest policy meeting, the central bank’s leader said it is taking a wait-and-see approach to

Manager of Top 2% Fund Warns S&P 500 Poised for ‘Material Downside’

GQG Partners has been vocal about its view on the AI trade over the last several months, publishing a four-part report from September through early March detailing why it’s a bubble “on steroids” waiting to burst. In a call with Business Insider this week, the firm doubled down on its views, warning that the S&P

CPO-related stocks prominently feature among the list! Here’s an overview of popular stocks that received the most institutional research visits in March.

â‘ The CPO concept stock Yuanjie Technology has become the second-highest priced stock in the A-share market. In addition, as of Friday’s close, Meinuohua achieved a 6-day 5-limit uptrend, and Rongjie shares gained four consecutive limit-ups. â‘¡Compile a list of the top ten stocks in terms of institutional visits and reception volume from March 1 to

The Trump Bull Market Is About to End — but These Stocks Will Rise Anyway

I predict that the Trump bull market will soon end. But there are two somewhat troubling issues with this prediction that need to be addressed right off the bat. First, less than three months ago, I predicted that the S&P 500 (SNPINDEX: ^GSPC) would deliver a single-digit gain in 2026. However, an important part of

ET logo

Dow S&P 500 and Nasdaq slide as oil surges: Will the US stock market see a big crash ahead? How will Dow, S&P 500 and Nasdaq move — Are rising oil prices and 2% market drop signaling bigger market sell-off?

US stock market crash narrative is gaining momentum after a sharp sell-off wiped out billions in value in a single session. The S&P 500 dropped 1.74% to 6,477.16, the Dow Jones fell 469 points, and the Nasdaq Composite slid 2.38%, marking one of the weakest stretches in recent months. At the same time, WTI crude

0
Would love your thoughts, please comment.x
()
x