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

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

Although the stock market has been in “go” mode during the past three years, 2026 is proving to be another story. The threat of rising inflation, a weak jobs market, and war in the Middle East are taking a toll on the market. The Dow Jones Industrial Average and the S&P 500 are both in

Best Growth Stock to Buy Right Now: Amazon vs. MercadoLibre

Despite making massive gains for shareholders over the last 20 years, both Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI) have underperformed the S&P 500 index over the last five years. That’s right, the two e-commerce giants have delivered only meager gains in recent years, trailing a stock market index that has delivered a total return

Why Micron Stock Is Gaining Today

After sell-offs in yesterday’s trading, Micron (NASDAQ: MU) stock is moving higher in Friday’s session. The memory-chip company’s share price was up 4.8% as of 3:45 p.m. ET. The S&P 500 was down 0.6% at the same point in the session, and the Nasdaq Composite had declined 1.1%. The broader stock market has continued to

3 Top Tech Stocks That Could Make You a Millionaire

Most investors understand that diversifying their portfolio across sectors, companies, and asset classes is the best way to minimize risk. As most veteran investors can also confirm, however, the technology sector has consistently — even if erratically — outperformed all other sectors over the course of the past three decades. Its leadership isn’t likely to

3 No-Brainer Warren Buffett Stocks to Buy Right Now

Warren Buffett, often called the greatest investor of all time, stepped down as chairman and CEO of Berkshire Hathaway in December 2025. Yet while Greg Abel, Buffett’s successor, is now at the helm of the Omaha, Nebraska-based holding company, he isn’t looking to rock the boat. As discussed in his recently released 18-page letter to

3 reasons why the stock market might crash — and what I’m doing about it…

Image source: Getty Images The global stock market is highly volatile and right now a crash can’t be ruled out. I’m not panicking, as history shows that share prices always recover after periods of bumpiness. In fact, being prepared for a market correction can lead to enormous profits. First, let’s look at why equities could

Assessing BP (LSE:BP.) Valuation After Recent Share Price Momentum

Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge. BP (LSE:BP.) has come into focus for investors after a period of solid share price movement, with the stock showing gains over the past week, month and past 3 months that stand out on recent screens. See our

Could Buying the Vanguard Total Stock Market ETF in 2026 Make You a Millionaire?

The Vanguard Total Stock Market ETF (NYSEMKT: VTI) is an exchange-traded fund (ETF) that tracks the performance of the CRSP U.S. Total Market Index, which invests in all 3,498 companies listed on American stock exchanges. That means the ETF offers exposure to multitrillion-dollar technology powerhouses like Nvidia and Microsoft, in addition to small-cap growth stories

Why March 16 Could Be a Big Day for the Stock Market

The S&P 500 has soared over the past few years for various reasons — from optimism about a lower interest rate environment to excitement about artificial intelligence (AI) stocks. But, in recent weeks, sentiment has shifted from exuberance to concern. Investors have questioned the strength of AI revenue prospects, have worried about economic growth, and

You Won’t Believe How Much Money Berkshire Hathaway Gets From Coca-Cola Dividends

Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) built up a position in Coca-Cola (NYSE: KO) stock between 1991 and 1994, and today, it owns 9.3% of the company, a position worth more than $31 billion. Coca-Cola is the classic Dividend King, with an almost unbeatable track record of raising its dividend for 63 years consecutively. That’s

How The Nasdaq (NDAQ) Story Is Shifting With AI Themes And Higher Analyst Targets

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. Nasdaq’s analyst fair value estimate has been nudged higher, from US$107.73 to US$108.53, which is putting fresh attention on how the market is thinking about

Here’s Why USA Rare Earth Shares Crushed The Market This Week

USA Rare Earth (USAR 1.67%) bucked the market this week by rising 11.5% when the S&P 500 declined. It’s a performance that reflects some positive news flow around the company’s long-term growth aspirations. USA Rare Earth derisks its business plan Two recent developments are noteworthy for investors. First, the company agreed to acquire the remaining

The Smartest Growth Stock to Buy With $200 Right Now

Fast-growing companies whose revenue and earnings increase at a faster pace than the broader market can help investors generate market-beating returns. These high-growth companies can achieve impressive growth rates for a variety of reasons, including launching competitive products, dominating lucrative markets, expanding into new areas, or creating new markets. Nvidia (NVDA 1.56%) is one such

Dividend stocks are catching up to tech stocks on key earnings metric

Dividend-paying companies are rapidly closing the earnings growth gap with technology stocks and contributing more earnings momentum to the S&P 500. After a significant increase over the past year on this key earnings metric, the trend suggests that dividend stocks may present an even stronger case to investors seeking income and safety in a volatile

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