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

AiTradeBtc Launches Advanced AI Trading App for Automated

London, UK, May 05, 2026 (GLOBE NEWSWIRE) — AiTradeBtc announced the launch of its enhanced AI trading application designed to support automated investing across cryptocurrency and stock markets. The platform combines AI-driven analytics, automated trading systems, and integrated portfolio management tools to help users navigate increasingly fast-paced financial markets. As global trading activity becomes more digital

Stock Market Today, May 5: Carnival Edges Higher Despite Fuel Cost Concerns

Today’s Change (0.66%) $0.17 Current Price $25.84 Key Data Points Market Cap $36B Day’s Range $25.69 – $26.29 52wk Range $19.22 – $34.03 Volume 2.3M Avg Vol 26M Gross Margin 29.71% Dividend Yield 0.58% Carnival (CCL +0.66%), a global cruise operator, closed Tuesday at $25.77, up 0.39%. The stock edged higher despite industry-wide pressure and

Why Rhythm Pharmaceuticals Stock Triumphed on Tuesday

Rhythm Pharmaceuticals (RYTM +7.86%) was a healthcare company perfectly in tune with investor goals on Tuesday. Shares of the commercial-stage biotech soared to close almost 8% higher in value, thanks to a very well-received quarterly earnings report. Imcivree for the win Rhythm, which rose to prominence thanks to its highly specialized weight-loss drug Imcivree, reported

Kospi, Hang Seng, Nifty 50

A man looks at a screen showing global stock market information on the street in Tokyo, Japan. Chris McGrath | Getty Images South Korea’s Kospi hit another record Wednesday as Asia-Pacific markets opened higher, tracking Wall Street gains overnight after oil prices dropped and strong earnings lifted investor sentiment. Signaling diplomatic efforts for resolving the

Asian Market’s May 2026 Stock Picks Possibly Priced Below Estimated Value

As central banks in major economies hold interest rates steady amid geopolitical uncertainties, the Asian markets are navigating a complex landscape of currency fluctuations and evolving policy expectations. In this environment, identifying stocks that may be priced below their estimated value requires careful consideration of factors such as earnings resilience and sector-specific growth potential. Top

Why Graphic Packaging Stock Trounced the Market on Tuesday

While it’s not a high-profile stock, Graphic Packaging Holdings (GPK +12.24%) was very much a popular one on the second trading day of the week. Encouraged by a double beat the company scored with its first-quarter results, market players snapped up its shares to propel them to a more than 12% gain on Tuesday. A

Nasdaq, S&P 500 at New Highs on Intel Rally: Stock Market Today

(Image credit: Justin Sullivan/Getty Images) Stocks bounced back Tuesday as market participants brushed off geopolitical worries and cheered falling oil prices. A round of well-received earnings reports and a rally in tech stocks also lifted sentiment, with two of the three main equity indexes ending the day with new record highs. The tech-heavy Nasdaq Composite

Are Defensive Stocks the Right Call Heading Into a Slower Economy?

The premise makes enough sense. There was a time, in fact, when defensive sectors such as consumer staples and healthcare reliably outperformed cyclical growth industries — like technology — in challenging economic environments. Assuming we’re nearer the end of an expansion cycle than the beginning of one right now, you may be tempted to own

The Best Dividend Stock to Own During a Market Crash

The highs in the stock market have sparked both elation and concern. Although investors love to see their investments growing in value, indicators like the Shiller P/E ratio are flirting with all-time highs. This sparks concerns that the market is gearing up for a bear market or possibly even a crash. Ultimately, we do not

AI Trading Bots Gain Traction in Crypto and Stock Markets

New York, NY, May 05, 2026 (GLOBE NEWSWIRE) — Zurich,As financial markets continue to move at breakneck speed, a growing number of investors are embracing AI quant trading trading to sharpen execution speed and decision-making precision. Today, DdbuShen announces the expansion of its fully automated investing platform, introducing a strategy-led AI trading system built to

A ‘diversified’ portfolio beat stocks in 2025. Here are 11 ingredients

May 5, 2026, 11:25 a.m. ET For armchair investors and retirement savers, “diversification” has come to mean a lot more than buying both stocks and bonds. And a “diversified” portfolio, in the 2020s sense of the term, did really well in 2025. Morningstar estimates that a broadly diversified asset mix, comprising 11 investment classes, gained 18.3% in 2025.

US Bond Yields Have Passed Dangerous Level, Signal Weakness for Stocks

The bond market is sending a new warning to investors: don’t expect any rate cuts soon. Loading audio narration… That was evident in the move in Treasury yields this week, which crept higher as markets weighed upside risks to inflation from the Iran war and raised their expectations that the Federal Reserve will keep interest

Why June 17 Could Be a Pivotal Day for the Stock Market

A big date many investors have likely circled is May 15, which is when current Fed Chair Jerome Powell’s term is set to end. While Kevin Warsh will take over and there appears to be little doubt about that, the bigger question is what will happen with interest rates, which may have a significant impact

Tenneco taps four banks for planned stock market return – report

No final decisions have been made, and the offering’s terms remain subject to change. Credit: JHVEPhoto / Shutterstock.com US auto parts maker Tenneco has enlisted banks to arrange a potential stock market listing, as it charts a course back to public markets after its 2022 privatisation. According to unnamed sources cited by Bloomberg, Apollo Global

The Macro Situation Is Collapsing—Stock Market Still Defiant

This article was written by Follow Commodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within

The Most Important SpaceX IPO Filing Is (Likely) About 2 Weeks Away

It’s been a history-filled year on Wall Street — and we still have eight months to go! In addition to the S&P 500 (^GSPC 0.41%) and Nasdaq Composite (^IXIC 0.19%) recently catapulting to fresh all-time highs, we’ll likely witness some of the largest initial public offerings (IPOs) ever on Wall Street. Artificial intelligence (AI) large

The long bond is back in Wall Street’s danger zone

Uncle Sam’s longest-term debt is back above the stock market’s pain line. The US 30-year Treasury yield (^TYX) jumped 6 basis points Monday to 5.03%, its biggest one-day move since March 20 and its highest level since July 2025. That 5% zone has rattled stocks before. In last week’s Chart of the Day, the setup

3 Middle Eastern Penny Stocks With Market Caps Up To US$200M

The Middle East stock markets have been experiencing volatility, with Gulf shares slipping due to geopolitical tensions affecting key energy routes. Despite these challenges, the region continues to offer intriguing investment opportunities, particularly in the realm of penny stocks. Although considered a somewhat outdated term, penny stocks represent smaller or newer companies that can provide

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