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

US Stock Market Today S&P 500 Futures Inch Higher As Inflation Worries Ease

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s investing ideas for FREE. The Morning Bull – US Market Morning Update Thursday, May, 7 2026 US stock futures are slightly higher this morning, with E-mini S&P 500 contracts up about 0.1%, as investors balance cooler bond markets, cheaper oil,

Tianneng Battery says operations normal in response to unusual share price moves

End-of-day quote Shanghai S.E. 2026-05-06 5-day change 1st Jan Change 29.63 CNY -2.79% -17.17% -10.81% Published on 05/07/2026 at 05:27 am EDT Reuters This article is reserved for members Unlock the article: REGISTER NOW! © Reuters – 2026 05:27am Tianneng Battery says operations normal in response to unusual share price moves RE May. 04 Hong

Citadel’s Ken Griffin Just Said the Quiet Part Out Loud About Inflation — and Wall Street Isn’t Going to Like It

Despite heightened volatility, it’s shaping up to be another phenomenal year for Wall Street. This week, we’ve watched the iconic S&P 500 (SNPINDEX: ^GSPC) and growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) trek to record highs, with the ageless Dow Jones Industrial Average (DJINDICES: ^DJI) eclipsing 50,000 earlier this year. While it would appear that nothing can

Yatsen’s $100 Million R&D Investment Wins Consumer Trust and Market Share

SHANGHAI, May 7, 2026 /PRNewswire/ — In a significant shift reshaping the global beauty industry, Chinese domestic cosmetics brands have captured nearly 60% of the world’s second-largest beauty market. This shift is being driven by unprecedented investments in scientific innovation, as well as rapidly evolving consumer expectations. Yatsen Group, one of China’s leading beauty companies, today

UK Stocks That May Be Trading Below Their Estimated Value In May 2026

The United Kingdom’s stock market, particularly the FTSE 100, has recently experienced a downturn influenced by weak trade data from China and declining commodity prices. As investors navigate these challenging conditions, identifying stocks that may be undervalued becomes increasingly important; such stocks often present opportunities when their intrinsic value is not fully reflected in their

MGE Energy announces underwritten public offering of 3,300,331 shares at $75.75/share

Market Closed – Nasdaq 04:00:00 2026-05-06 pm EDT 5-day change 1st Jan Change 80.80 USD +0.06% +2.60% +3.03% Published on 05/06/2026 at 10:58 pm EDT Reuters © Reuters – 2026 10:58pm MGE Energy announces underwritten public offering of 3,300,331 shares at $75.75/share RE May. 06 MGE Energy, Inc. announces proposed public offering of $250 million

Middle Eastern Penny Stocks To Watch In May 2026

The Middle Eastern stock markets have been experiencing a notable upswing, with Dubai leading the Gulf gains amid hopes for peace with Iran and Egypt reaching new record highs. In this context, investors are increasingly interested in exploring diverse opportunities, including penny stocks. Although the term “penny stocks” may seem outdated, these investments often refer

Stock market investment gains still being funneled into real estate: BOK report

BOK Gov. Shin Hyun-song delivers his inaugural speech at the BOK headquarters in Seoul, April 21. Yonhap The Bank of Korea (BOK) on Thursday assessed that investors are funneling their positive returns from stock investment into the local property market instead of on consumption. The report by the BOK comes as the nation’s benchmark KOSPI

PayPal Stock’s Bad Year Just Got Even Worse. Is This a Good Time to Buy Shares?

It’s been a rough year for PayPal (PYPL 0.51%) shareholders, and Tuesday’s reaction to the company’s first-quarter 2026 earnings only added to the pain. Shares dropped roughly 9% in early trading following the report, deepening a slide that had already left the stock down about 14% year to date heading into the release. What’s striking

Stock Market Today, May 6: Keel Infrastructure Corp. Rises as Analyst Coverage Reframes Its Shift Toward Power-Backed AI Infrastructure

Today’s Change (16.71%) $0.59 Current Price $4.12 Key Data Points Market Cap $2.0B Day’s Range $3.64 – $4.19 52wk Range $0.70 – $6.60 Volume 63M Avg Vol 32M Gross Margin -831.94% Keel Infrastructure (KEEL +16.71%), a developer and operator of data centers for high-performance computing and AI workloads, closed Wednesday at $4.12, up 16.71%. The

Root (NASDAQ:ROOT) Misses Q1 CY2026 Sales Expectations, But Stock Soars 7.1%

Digital auto insurance company Root (NASDAQ:ROOT) missed Wall Street’s revenue expectations in Q1 CY2026, but sales rose 12.6% year on year to $393.5 million. Its GAAP profit of $2.09 per share was significantly above analysts’ consensus estimates. Is now the time to buy Root? Find out in our full research report. Root (ROOT) Q1 CY2026

Could Opendoor Stock Hit $10 in 2026?

“Meme mania” may have continued to fade for GameStop and AMC Entertainment during 2025, but for Opendoor Technologies (OPEN +3.92%), it was arguably its first time benefiting from the investing phenomenon. The real estate iBuyer’s shares zoomed from under $1 to as high as $10.87. Since then, this speculative growth stock has given back a

The Best AI Stocks for Growth Investors to Buy in 2026

There are several compelling stocks to consider buying for artificial intelligence (AI) growth, but investors don’t need to overthink it. The largest and most profitable companies in the world remain some of the most attractive stocks to buy from a risk, growth, and valuation perspective. The main risk for megacaps like Alphabet (GOOG +2.92%) (GOOGL

Pathwix AI Redefines Financial Clarity: Using Personal

DUBLIN, May 06, 2026 (GLOBE NEWSWIRE) — As global financial markets become increasingly complex, Pathwix is launching a new initiative to help non-technical users bridge the gap between personal purpose and financial growth. By leveraging the Pathwix AI Personal Assistant, individuals can now transform vague life goals into structured financial roadmaps, moving from basic budgeting

MoneyFlare Launches Powerful Fully Automated AI Trading Bot to Unlock New Opportunities in Crypto and Stock Trading

New York, USA, May 06, 2026 (GLOBE NEWSWIRE) — Crypto and stock markets are becoming faster, more complex, and more data-driven. For everyday users, manually analyzing charts, judging entry opportunities, controlling emotions, and executing trades in time is becoming increasingly difficult. MoneyFlare announces the launch of its powerful fully automated AI trading bot, designed to

Kontron AG, Ennoconn contemplates EUR 23.50 per share in potential Kontron takeover offer

End-of-day quote Taiwan S.E. 2026-05-06 5-day change 1st Jan Change 348.50 TWD +1.01% +8.40% +21.64% Published on 05/06/2026 at 02:36 pm EDT – Modified on 05/06/2026 at 02:39 pm 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.

Weekly share repurchase program transaction details

Amsterdam, May 6, 2026 SBM Offshore reports the transaction details related to its EUR227 million (US$270 million1) share repurchase program for the period April 30, 2026 through May 6, 2026. The repurchases were made under the EUR227 million share repurchase program announced on February 26, 2026 and effective from February 27, 2026. The objective of

Microsoft Corporation (MSFT) Slid Amid Broad-Based Sell-Off in Software Companies

Aristotle Capital Management, LLC, an investment management company, released its “Value Equity Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. During the first quarter, the U.S. equity market declined, with the S&P 500 Index falling by 4.33%. The fixed-income sector also saw a downturn; the Bloomberg U.S. Aggregate Bond

Apollo CEO Rowan warns of market correction, slams rival insurers

Marc Rowan, chief executive officer of Apollo Global Management LLC, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., on Tuesday, April 5, 2022. Jeenah Moon/Bloomberg via Getty Images Jeenah Moon | Bloomberg | Getty Images Apollo Global Management CEO Marc Rowan on Wednesday warned investors that

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