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

Why Carpenter Technology Stock Plunged 24.5% This Week

A quarterly revenue report that missed Wall Street expectations sent Carpenter Technology (NYSE:CRS) tumbling 22.5% this week, overshadowing an earnings beat. Carpenter Technology stock changed hands at $292.26 as of the close on Friday, Oct. 23, down 24.5% this week from Friday, Oct. 16’s close, according to data provided by S&P Global Market Intelligence. Over

Scanfil (HLSE:SCANFL) Stock Price Meets Q3 Results With Cash Questions

Scanfil Oyj stock closed at €12.0 on Friday, after a choppy week that left the share down 8.1% over seven days and 3.8% over the past month. The price suggests nerves. The fresh Q3 2026 report tells a different story. Revenue reached €252.2m with net income of €11.6m and earnings per share at €0.18. For

Elon Musk Just Delivered Spectacular News for SpaceX Stock Investors

Elon Musk founded Space Exploration Technologies (NASDAQ: SPCX) in 2002 with a simple but ambitious goal: to drive down the cost of space transportation. The company has since expanded into satellite internet connectivity and artificial intelligence (AI), unlocking significant revenue streams that paved the way for its recent initial public offering (IPO). SpaceX stock quickly

If the Stock Market Crashes, This Is the First ETF I’m Loading Up On

The stock market will crash again at some point. There have already been numerous boom-and-bust cycles throughout the stock market’s history, making the next crash more a matter of when than if. Unfortunately, nobody actually knows when it will happen. Therefore, the best way to defend against a stock market crash is to have a

History Says This ETF Could Be the Biggest Winner of the Stock Market Sell-Off

With nearly 10 months of 2026 in the books, it’s fair to say that this year hasn’t been easy for equity investors, but they’ve been rewarded for taking risks. The Nasdaq-100 and S&P 500 (^GSPC -0.52%) are up 14.6% and 11.7%, respectively, year to date, confirming market participants are being compensated for enduring equity market

Prediction: This Will Be SpaceX’s Stock Price by the End of 2030

Space infrastructure and generative artificial intelligence (AI) are two of the hottest megatrends currently taking Wall Street by storm. And Space Exploration Technologies (NASDAQ: SPCX) offers exposure to both. That said, with a market cap of $2.16 trillion, investors will naturally wonder if the company can still generate enough momentum to move the needle. Let’s

Will Altria’s Pricing Power Triumph Over Tumbling Volumes on Oct 29?

Quick Read Altria (MO) reports Q3 earnings Oct. 29, with the stock up 35% year to date on Marlboro’s pricing strength offsetting cigarette volume declines. Marlboro’s retail share slipped from 40% to 40% to 39.5% as discount cigarettes captured 34% of the market, pressuring margins heading into Q3. After back-to-back earnings-day drops of 5% and

Can Caterpillar’s $72B Backlog Save Its Stock From a 10% Slump?

Quick Read CAT’s $72 billion backlog, with 59% expected to ship within 12 months, anchors the bull case after shares fell 15% over the past month. Power generation sales surged 72% last quarter on data center demand, but $2.2 billion in full-year tariff costs remain a significant headwind. Wall Street expects Q3 EPS to jump

3 British Value Stocks Trading Up To 49% Below Fair Value

With the UK government preparing a £40b plus housing programme and fresh borrowing powers for local projects, long term cash flows are back in focus for British assets tied to the real economy. When policy leans toward bricks, mortar and infrastructure, investors often start hunting for solid cash generators that markets have priced too cautiously.

Stock-Split Watch: Is Micron Next?

With incredible gains of 350% over the past year, shares of Micron Technology (NASDAQ: MU) have easily outpaced the 68% jump in the PHLX Semiconductor Sector index. However, Micron stock has been in the doldrums of late, sliding 25% from the 52-week high it reached in June this year. Micron’s pullback is driven more by

Is It Too Late to Buy SpaceX Stock After Its Monster Third-Quarter Earnings Report? Here’s the Answer.

On Oct. 20, Space Exploration Technologies (NASDAQ: SPCX) reported its 2026 third-quarter earnings, posting some impressive numbers. According to CNBC-tracked analyst estimates, revenue of $14.5 billion easily topped the $12.7 billion expected, and adjusted earnings per share of $0.45 once again beat the $0.13 expected. In addition, SpaceX reported net income of $4.4 billion, a

Meet Wall Street’s Newest Major Stock Split: It Has Soared 1,730% Since Its 2012 IPO, and There Is Plenty of Upside Left

A stock split is a corporate action in which a company increases the number of shares it has outstanding by dividing existing shares into multiple shares and proportionately decreasing its share price. Stock splits don’t change a company’s intrinsic value, but they can garner significant attention because they make each share more affordable, potentially increasing

US MARKETS CALL: Still Proceeding Cautiously

On September 15, we advised investors to proceed with caution. We pushed out our 8,400 S&P 500 target from year-end 2026 to mid-2027 and set 7,900 as our new year-end target. On October 14, we reiterated our caution. Sure enough, the stock market has been turbulent since mid-September, with AI-related stocks falling sharply. We are

Prediction: The Stock Market Will Soar After Midterm Elections

The midterm elections are fast approaching, and the world will be watching as voters head to the polls on Nov. 3 to elect their state representatives in the U.S. House of Representatives and the U.S. Senate. With politics as partisan as ever and so much going on in the world, including the Iran war, investors

BE Stock Sees Worst Single-Day Fall In 3 Months — Jefferies Trims Price Target, Flags Lack Of Updates On Its Largest Opportunity With Oracle

Jefferies said that despite management’s optimism that its backlog continues to grow faster than revenue, Bloom Energy did not provide a formal backlog update. JPMorgan also lowered its price target on Bloom, cutting it to $292 from $314 while maintaining an ‘Overweight’ rating. The firm attributed the reduction to lower trading multiples among Bloom Energy’s

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