Wall Street analysts expect Fiserv (FI) to post quarterly earnings of $2.42 per share in its upcoming report, which indicates a year-over-year increase of 13.6%. Revenues are expected to be $5.2 billion, up 8.5% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Fiserv metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenue- Processing and services' will reach $4.45 billion. The estimate indicates a change of +7.6% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Product' will reach $1.06 billion. The estimate suggests a change of +9.6% year over year.
The average prediction of analysts places 'Adjusted Revenue- Corporate and Other' at $5.25 million. The estimate indicates a change of +5% from the prior-year quarter.
View all Key Company Metrics for Fiserv here>>>
Over the past month, Fiserv shares have recorded returns of +3.7% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), FI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Fiserv, Inc. (FI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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