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

These 3 Blue Chip Stocks Are Trading Near Their 52-Week Lows

If you’re looking for deals in the stock market today, there are some incredibly great ones to consider. You don’t have to go out hunting for stocks that come with significant risks, either. Instead, some of the best opportunities involve buying shares of established, blue chip companies with terrific track records. It may sound too

Why Robinhood Markets Stock Is Rocketing Higher Today

Shares of online financial services platform Robinhood Markets (HOOD +10.48%) are up 10% as of 3 p.m. ET on Wednesday after the company received some good news from the Securities and Exchange Commission (SEC). The SEC announced that it was removing the requirement for a $25,000 margin account previously necessary for day-traders. Now, day-traders —

President Trump Says Iran War Is “Close To Over.” Will Markets Boom?

Stocks were climbing for the third day in a row this week as enthusiasm over the expected end of the war in Iran buoyed the market, and investors looked forward to earnings season, which has kicked off this week with strong results from the top banks. As of 12:22 p.m. ET, the S&P 500 (SNPINDEX:

2 Top Nasdaq Stocks to Buy Before They Soar in 2026

The Nasdaq Composite index has hit a rough patch in 2026, losing 1.5% of its value as of this writing. The tech-laden index’s drop can primarily be attributed to external factors, mainly the Middle East crisis that has led to a spike in oil prices and has stoked fears of a recession. As a result,

Is Navitas Stock Ready to Break Out in 2026?

The share price of Navitas Semiconductor (NVTS +3.34%) has surged more than 438% over the past year. Its advanced power chips made from gallium nitride (GaN) and silicon carbide (SiC) can help data centers convert power more efficiently. This will be a crucial need over time as artificial intelligence (AI) workloads increase electricity consumption. Navitas

S&P 500 Sits 0.5% From All-Time High as Capital Floods Back Into Equities

The rally on Wall Street is closing in on a major milestone. The S&P 500 is now just 0.5% from its all-time high of 7,002 recorded in January 2026 S&P 500 Nears All-Time High. Source: TradingView The index has turned positive for the year after a powerful rebound that has added nearly $6 trillion in

We’re watching for S&P 500 record highs again

👋 Good morning! Stocks surged once more on Tuesday as a lower-than-expected wholesale inflation release lifted investor spirits further, along with hopes for deescalation with Iran: A second round of talks is in the works. The S&P 500 (^GSPC) gained 1.2%, the Dow (^DJI) 0.6%, and the Nasdaq (^IXIC) 2.0%. Oil fell, and gold rose.

3 Reasons Why US Stocks Have Regained Iran-War Losses: Earnings, Valuation

While oil traders stay suspended in limbo over the Iran war, stock traders seem to have called it a day. Loading audio narration… Since dropping to a multi-month low in late March, US equities have accomplished the following feats, through Tuesday’s close: The primary reason is straightforward: Even as Iran-war uncertainty persists, investors are pricing

SB1 Markets initiates coverage on Novo Nordisk with Buy rating and DKK 280 price target

Real-time Estimate Cboe Europe 04:52:04 2026-04-15 am EDT 5-day change 1st Jan Change 255.58 DKK +3.83% +6.08% -21.69% Published on 04/15/2026 at 01:45 am EDT Finwire – Translated by Marketscreener Legal disclaimer Contact us to request a correction – See original SB1 Markets has initiated coverage on Novo Nordisk, assigning a Buy rating and a

Mediobanca approves gross dividend of 0.63 EUR per share

Real-time Borsa Italiana 03:48:21 2026-04-15 am EDT 5-day change 1st Jan Change 18.54 EUR +1.23% +5.16% +4.22% Published on 04/15/2026 at 02:33 am EDT Reuters This article is reserved for members Unlock the article: REGISTER NOW! © Reuters – 2026 DurationAuto.2 months3 months6 months9 months1 year2 years5 years10 yearsMax. PeriodDayWeek Mediobanca S.p.A. is one of

Kospi roars back on peace hopes

Chipmaker SK hynix extends rally with new intraday high An electronic board shows the Kospi at 6,147.49 points, in a dealing room of the Hana Bank headquarters in central Seoul, Wednesday. (Newsis) South Korea’s benchmark Kospi jumped back above 6,100 points during trading Wednesday, backed by growing expectations that US-Iranian peace talks could resume soon.

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