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

Routine Announcement Regarding Share Buybacks Pursuant to Buyback Program

KaldalĂłn hf. During week 9 of 2026, KaldalĂłn hf. did not purchase any shares under the share buyback programme announced on the stock exchange on 6 January 2026 Under the programme, KaldalĂłn may repurchase up to a maximum of 9,000,000 shares, provided that the total consideration paid does not exceed ISK 250,000,000. The execution of

Is It Too Late To Consider EZCORP (EZPW) After A 93% One Year Run?

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. If you are wondering whether EZCORP is still good value after its recent run, the key question is how its current share price compares with

Emerging Markets Emerge (again)! | Texarkana Today

For starters, let’s define what we mean by “emerging markets”.  Emerging markets are developing economies (e.g., China, India, Brazil) as opposed to developed economies (e.g., Canada, Japan, the UK).  Emerging markets are known for having cheap labor and producing products much less expensive than what they would cost if built in the U.S.   When

China Stock Market Iran Conflict Impact on Stocks

China Stock Market Iran Conflict Impact on Stocks – The China-Global South Project MRKET REUTERS/Aly Song/File Photo China’s equity benchmarks were little changed on Monday in the wake of the Iran conflict as surges in energy, defense and gold stocks offset plunges in airline and tourism shares. Mainland sentiment was supported by expectations Beijing may

Everything You Need To Know Ahead Of Earnings

Packaged foods company B&G Foods (NYSE:BGS) will be reporting earnings this Tuesday afternoon. Here’s what investors should know. B&G Foods met analysts’ revenue expectations last quarter, reporting revenues of $439.3 million, down 4.7% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat

Netflix Stock Soared Last Friday. Time to Buy?

It’s difficult to imagine a stock surging after a failed acquisition. But that is exactly what happened with Netflix (NFLX +14.03%) last Friday. Shares of the streaming specialist jumped nearly 14% after the company officially walked away from its $83 billion bid for Warner Bros. Discovery‘s (WBD 2.24%) studio and streaming assets. For months, investors

Operation Epic Fury means new risks for markets

Thick plumes of smoke rise over the residential areas of the Iranian capital following airstrikes amid ongoing U.S.â”Israel attacks as multiple explosions are heard across the city in Tehran, Iran on March 01, 2026. Fatemeh Bahrami/ | Anadolu | Getty Images We hear it all the time on CNBC — markets hate uncertainty, and the

$104 Billion Is Flowing to International Stocks. Should You Join in?

New research from Bank of America (BAC 4.98%) shows that international stocks might be poised to outperform American equities. According to Bloomberg reporting, a new BofA report showed that international developed market stock funds have received $104 billion of new investment inflows so far this year, while U.S. stock funds have only received $25 billion.

Iran Attacks: How Oil, Stock Markets Could React to New Middle East War

Investors are bracing for the weekend attacks on Iran to ripple through markets. Front and center is the oil market, and the looming threat to energy flows. The Strait of Hormuz is among the world’s most important global shipping lanes, with 13 million barrels of crude oil per day flowing through the waterway in 2025,

What we know as markets brace for turmoil

JERUSALEM – FEBRUARY 28: People take shelter as Iran launched missiles and drones towards Israel following the US-Israeli attacks, in Jerusalem on February 28, 2026. Mostafa Alkharouf | Anadolu | Getty Images The U.S. and Israel launched their most aggressive attack ever on Iranian targets over the weekend that killed the Islamic state’s longtime supreme

Forget Tariffs! If a Stock Market Crash Occurs Under President Donald Trump, It’ll Likely Be Caused by These 3 Catalysts.

Although stock market volatility has been a common theme under President Donald Trump, Wall Street’s major indexes have thrived during his time in the Oval Office. In his first, non-consecutive term, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and innovation-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 57%, 70%, and 142%,

3 Investing Moves I’m Making Right Now to Prepare for a Recession

If you’re concerned about economic volatility, you’re in good company. In fact, 72% of Americans rate current economic conditions as “fair” or “poor,” according to a February 2026 survey from the Pew Research Center, while nearly 40% expect the economy to worsen over the next year. While the future of the economy may be largely

Best 3 Blue-Chip Stocks to Buy After This Week’s Market Pullback

February was a wild month for the stock market as pressure built on software stocks over fears of AI disruption, and stocks fell in the last week of the month as President Trump said he would raise global tariffs to 15% after the Supreme Court struck down his earlier round of tariffs. Market pullbacks can

The Best Trillion-Dollar Stock to Buy Right Now, According to Wall Street

Over the last few years, just a handful of companies have come to dominate the market. Eleven stocks now trade on U.S. exchanges with market caps exceeding $1 trillion, as of this writing. Analysts expect the trend of the big getting bigger to continue in 2026, with price targets for most of the members of

Is a Stock Market Crash Coming Soon? History Has Good and Bad News for Investors.

Many investors aren’t quite sure how to feel about the market right now. According to a February 2026 survey from the American Association of Individual Investors, around 35% feel optimistic about the next six months, 37% feel pessimistic, and the remaining 28% feel neutral. So if you’re having mixed feelings about investing, you’re not alone.

Caterpillar Stock: What a $1,000 Investment 20 Years Ago Is Worth Now

As the world’s largest manufacturer of heavy construction and mining equipment, Caterpillar (CAT) has long been seen as a bellwether for the global economy. Happily for long-term shareholders, CAT’s returns have greatly outpaced the global economy – and U.S. stock market – for decades. Caterpillar’s outperformance in the 21st century was never a foregone conclusion.

New Growth Targets, $3B Buyback, and Big Push into AI, Cloud, Blockchain

Nasdaq logo Cloud, AI and blockchain push: Nasdaq says it is “fully scaled in cloud,” is migrating options markets to its Fusion platform (seven of eight live), building an intelligence layer and plans to deploy hundreds—scaling to thousands—of AI agents, while preparing 23/5 trading subject to regulatory approval. Financial targets, productivity and capital returns: Management

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