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

Oakmark Fund U.S. Equity Market Q1 2026 Commentary (MUTF:OAKMX)

DKosig/iStock via Getty Images “Be careful what you wish for, lest it come true.”—Aesop Why didn’t we do better when value outperformed? For several quarters, we’ve highlighted that market gains have been dominated by momentum and growth. Stocks that were rising kept rising, while laggards fell further behind. This created a historically wide gap in

Did Goldman Sachs Just Declare Open Season On Software Stocks?

It’s no secret that the software sector has had a catastrophic start to 2026. Fears of disruption from AI innovations like Anthropic’s Claude Code, and high valuations entering the year have led to a bloodbath among software-as-a-service (SaaS) stocks. Will AI create the world’s first trillionaire? Our team just released a report on the one little-known

Why Newmont Corporation Stock Dropped Today

A 1% decline in gold prices cost Newmont Corporation (NEM 3.27%) stock a 3% decline in stock price this morning, as shares reacted to the latest news from the Persian Gulf — and its implications for both gold prices and the profits of gold miners. The news also derailed a three-week trend of rising share

Why Sandisk Stock Popped Today

Sandisk (NASDAQ: SNDK) stock was the best-performing S&P 500 stock of 2025, and is off to another great start in 2026 — up 275%, and again, one of the best performers on the market. Strong support from Wall Street analysts is both an acknowledgment of the stock’s performance — and also a tailwind helping to

Is Buying a Single Index ETF Smarter Than Picking Individual Stocks?

When introduced to investing, many market participants learn about the benefits of owning individual equities. And market history is littered with examples of “story stocks” that minted fortunes for select investors who likely just got lucky. But for most investors, the better course of action is to learn how to invest in index funds or

Market enters a new phase as tail risks are diminishing.

Goldman Sachs believes that the market has transitioned from a phase of ‘unquantifiable extreme panic’ to ‘orderly pricing of known risks.’ Iran’s willingness to negotiate has significantly reduced the probability of extreme tail-risk scenarios. The impact on the U.S. stock market is characterized as being driven by inflation rather than growth, diminishing the necessity for

US Stock Market Today S&P 500 Futures Slip As Inflation And Oil Jitters Build

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s investing ideas for FREE. US stock futures are softer this morning, with S&P 500 contracts down about 0.6% as investors react to a jump in energy costs and stronger than expected US inflation. Brent crude sits near US$102 a barrel,

US Stock Market Today: S&P 500 Futures Slip As Inflation And Energy Worries Build

The Morning Bull – US Market Morning Update Monday, Apr, 13 2026 US stock futures are pointing lower this morning, with E-mini S&P 500 contracts down about 0.6% and Nasdaq 100 futures weaker by roughly 0.7%, as investors react to a fresh inflation shock and higher energy costs. March US consumer prices rose 0.9% month

Has the peak of panic passed? Market resilience to Middle East conflicts is increasing.

Trump announced a blockade of the Strait of Hormuz, but global markets outside the energy sector have generally shown restraint. Institutional analysts believe that the most panic-driven selling phase may have passed. Standard Chartered predicts that oil prices will retreat while the stock market is expected to rebound. The United States’ blockade of the strategically

3 UK Penny Stocks With Market Caps Up To £400M

The United Kingdom’s stock market has recently faced challenges, with the FTSE 100 index closing lower due to weak trade data from China, highlighting the interconnectedness of global economies. For investors seeking opportunities outside of large-cap stocks, penny stocks—despite their somewhat outdated name—can still present valuable prospects. By focusing on companies with strong financial foundations

3 UK Stocks Estimated To Be Trading At Discounts Of Up To 49.6%

The UK stock market has recently experienced some turbulence, with the FTSE 100 index closing lower due to weak trade data from China, highlighting ongoing challenges in global economic recovery. In this environment, identifying undervalued stocks can be particularly appealing as investors seek opportunities that may offer potential value despite broader market pressures. Name Current

Could Investing $500 a Month in MAGS Make You a Millionaire?

The “Magnificent Seven” tech stocks have been major drivers of growth in the U.S. stock market for the past several years. What if you could own all seven stocks in a single tech ETF? You can. The Roundhill Magnificent Seven ETF (NYSEMKT: MAGS) gives you one-stop shopping for seven of the most prominent tech stocks.

3 Asian Stocks Estimated To Be Trading At Up To 31.9% Below Intrinsic Value

As global markets react to easing geopolitical tensions, investor sentiment in Asia has been buoyed by optimism around potential de-escalation and economic resilience. In this environment, identifying undervalued stocks becomes crucial, as they may offer opportunities for growth amid broader market recoveries. Top 10 Undervalued Stocks Based On Cash Flows In Asia Name Current Price

DUG Technology And 2 Other Promising ASX Penny Stocks

The Australian stock market is experiencing a turbulent period, with geopolitical tensions impacting investor sentiment and causing fluctuations in major indices. In such uncertain times, investors often look to alternative opportunities for potential growth. Penny stocks, despite their outdated name, continue to represent a promising investment area by offering access to smaller or newer companies

RTX A/S : Share buy-back programme

Market Closed – Nasdaq Copenhagen 11:20:00 2026-04-10 am EDT 5-day change 1st Jan Change 95.40 DKK -0.62% -1.65% -11.26% Published on 04/12/2026 at 10:18 pm EDT Publicnow Danish English Published: 2026-04-12 14:04:10 CEST RTX – Changes in company’s own shares Share buy-back programme 12.4.2026 14:04:10 CEST | RTX | Changes in company’s own shares Nørresundby,

The Millionaire Investor’s Case for Buying the S&P 500 Every Single Month

Most investors focus on trying to find the market’s next big winners. It may be the more exciting way to approach your investing strategy, but in most cases it’s not the most successful. The better way to build wealth over time is usually building your portfolio brick by brick. By steadily and consistently putting money

Asia-Pacific markets today Nikkei 225, Kospi, Hang Seng Index

Debris of a NATO air defence system that intercepted a missile launched from Iran is seen in Dortyol, in southern Hatay province, Turkey, March 4, 2026 in this screengrab from video. Ihlas News Agency | Via Reuters Asia-Pacific markets opened lower Monday, as investors weigh a U.S. naval blockade on Iran’s ports after talks between

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