Fiserv (FI) Q3 Earnings: What To Expect

Financial technology provider Fiserv (NYSE:FI) will be announcing earnings results this Wednesday before market open. Here’s what to look for.

Fiserv met analysts’ revenue expectations last quarter, reporting revenues of $5.52 billion, up 8% year on year. It was a mixed quarter for the company, with but .

Is Fiserv a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Fiserv’s revenue to grow 9.2% year on year to $5.69 billion, improving from the 7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.65 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fiserv has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Fiserv’s peers in the financial services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. PROG’s revenues decreased 1.8% year on year, beating analysts’ expectations by 1.5%, and Western Union reported flat revenue, topping estimates by 1%. PROG traded down 5% following the results while Western Union was up 10.1%.

Read our full analysis of PROG’s results here and Western Union’s results here.

Investors in the financial services segment have had steady hands going into earnings, with share prices flat over the last month. Fiserv is down 2.9% during the same time and is heading into earnings with an average analyst price target of $171.01 (compared to the current share price of $126.63).

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