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

SOXX, SOXL, SMH Plunge As Chip Stocks Sell Off Amid Supply Chain Concerns

LAM Research CEO Tim Archer said in the earnings call with investors that going into 2027, the company sees “supply chain constraints for certain components continuing to limit chip makers.” Shares of Nvidia, Micron Technology, and Advanced Micro Devices plunged following the comments, alongside other chip stocks. Semiconductor companies had turned green earlier this week

SpaceX stock slides as tech trade tumbles

SpaceX (SPCX) stock slid on Thursday, giving back Wednesday’s post-earnings gain.  Shares jumped 7.8% on Wednesday following SpaceX’s upbeat third quarter results and AI commentary. The stock is under pressure — down 9% — along with the broader tech trade, following Meta (META) earnings and more headlines suggesting new strikes in the US/Israeli war with

Meta stock falls 7% as AI spending fears return

Meta (META) stock closed out the trading day Thursday down 7% on, despite reporting better-than-anticipated Q3 revenue results Wednesday, as AI bubble fears remerged across Wall Street. Investors pulled back on semiconductor and other AI stocks across the board on questions about whether massive investments in AI data centers will pay off in the long

REG – Prudential PLC – Director/PDMR Shareholding — TradingView新聞

RNS Number : 8677K Prudential PLC 03 July 2026   1 Details of the person discharging managerial responsibilities / person closely associated a) Name Naveen Tahilyani 2 Reason for the notification a) Position/status Regional CEO, Indonesia, Malaysia, the Philippines, India, Africa; Group Agency and Health (PDMR) b) Initial notification /Amendment Initial notification 3 Details of

Zhipu seeks $4B in Hong Kong share sale after AI stock rally — TradingView新聞

Chinese artificial intelligence company Knowledge Atlas Technology JSC, better known as Zhipu AI, is seeking to raise around $4 billion through a share placement in Hong Kong. The share sale comes after its stock surged following its market debut earlier this year. The fundraising comes as investor interest in Chinese AI companies remains strong and

Horizon Robotics Officially Lists on the Hong Kong Stock Exchange | 主頁 – 新聞

HONG KONG, Oct. 24, 2024 /PRNewswire/ — Horizon Robotics (HKEX: 9660), a leading provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles, today officially listed on the Main Board of the Hong Kong Stock Exchange. Horizon Robotics is a key enabler for the smart vehicle transformation and commercialization with

Futu Q2 Earnings Call Highlights — TradingView新聞

Futu FUTU reported higher second-quarter revenue and profit as trading activity, client assets and funded accounts increased, supported by strong U.S. equity interest, Hong Kong IPO activity and growth across overseas markets. Total revenue for the second quarter rose 36% year over year to HK$7.2 billion, while net income increased 42% to HK$3.6 billion. Net

Hang Seng Tech Slides 3.4% on China Internet Tax Fears — TradingView News

Baidu Announces Results of Extraordinary General Meeting — TradingView新聞

BEIJING, Aug. 26, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that its extraordinary general meeting of shareholders (the “EGM”) was held in Beijing today and all the proposed resolutions set out in the notice

Noah Holdings Limited Announces Changes to the Board and Board Committees — TradingView新聞

SINGAPORE, Aug. 28, 2026 /PRNewswire/ — Noah Holdings Limited (the “Company” or “Noah”) (NYSE: NOAH and 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors, today announced changes to its board of directors (the “Board”) and the composition of its Board

Unlocking APAC Semiconductor Bottleneck Opportunities: CSOP Solactive Asia AI Bottleneck Index ETF to List on HKEX tomorrow | 主頁 – 新聞

HONG KONG, Sept. 16, 2026 /PRNewswire/ — CSOP Solactive Asia AI Bottleneck Index ETF (3499.HK) will list on HKEX tomorrow (17th September 2026). 3499.HK seeks to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of Solactive Asia AI Bottleneck Index (net total return version) (the Index). It has a

Property News Weekly Digest – Property News

〈The Standard, Sept 19, 2026 〉New World Development (0017) has proposed to set up a commercial real estate investment trust fund to spin off Shanghai Hong Kong New World Tower for a separate listing in Shanghai. The REIT’s manager, GF Fund Management, has submitted the application materials to the China Securities Regulatory Commission and the

Warren Buffett’s Successor, Greg Abel, Just Went Shopping in the Tech Sector Again!

This has been a year of historic change for the trillion-dollar conglomerate that Warren Buffett built. Following the Oracle of Omaha’s retirement as Berkshire Hathaway‘s (NYSE:BRKA)(NYSE:BRKB) CEO on Dec. 31, the oversight of the company’s day-to-day operations and its $363 billion portfolio passed to Greg Abel. It took Buffett’s understudy just one quarter to really

Why Wall Street Is Turning to Quality Stocks As AI Trade Jitters Grow

Wall Street always seems to have a new favorite word or phrase. When the AI trade launched in earnest, it was the “Magnificent Seven.” Then came “AI enablers,” “picks and shovels,” and, more recently, “momentum.” Now, as investors fret over rising interest rates, expensive AI ambitions, and a top-heavy market, the word du jour is

Not Lilly. Not Johnson & Johnson. This Stock Will Be the Biggest Healthcare Winner of 2026

Healthcare stocks have rebounded this year. Many leaders in the sector have helped drive that performance. Eli Lilly (LLY -1.01%), the largest healthcare stock by market cap, has gained 16%, while Johnson & Johnson (JNJ -0.61%), another major healthcare player, has climbed 22%. However, among large-cap healthcare stocks, none has performed better than Moderna (MRNA

MEXC’s New-Token Trading Volume Rises 77% in September as

MUTSAMUDU, Comoros, Oct. 21, 2026 (GLOBE NEWSWIRE) — MEXC, a pioneer in 0-fee digital asset trading, has released its September trading data. New-token and TradFi spot trading volumes rose 77% and 78% month over month, respectively, while tokenized U.S. stock trading volume increased 81%. Stock Meme projects also took the top two spots by new-token spot

Stock Market Today: S&P 500, Nasdaq 100, Dow Jones Futures Gains as Iran Prolongs US Talks Ahead of Midterms— NFLX, SPCX, SMCI in Focus (UPDATED)

Editor’s Note: The ETFs tracking benchmark indices and the headline were updated in the story. U.S. stock futures were higher on Wednesday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Tuesday’s mixed close. Reuters reported that Iran is prolonging negotiations with the U.S. to undermine President Donald Trump ahead of the

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