Financial technology provider Fiserv (NASDAQ: FISV) will be announcing earnings results this Tuesday before market hours. Here’s what you need to know.
Fiserv missed analysts’ revenue expectations last quarter, reporting revenues of $4.96 billion, down 4.5% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.
Is Fiserv a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Fiserv’s revenue to decline 1.3% year on year, a deceleration from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
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. Donnelley Financial Solutions delivered year-on-year revenue growth of 5.5%, beating analysts’ expectations by 2.8%, and WEX reported revenues up 12.8%, topping estimates by 3.2%. Donnelley Financial Solutions traded up 25.9% following the results while WEX was down 3.3%.
Read our full analysis of Donnelley Financial Solutions’s results here and WEX’s results here.
There has been positive sentiment among investors in the financial services segment, with share prices up 3% on average over the last month. Fiserv is up 7.7% during the same time and is heading into earnings with an average analyst price target of $57.55 (compared to the current share price of $49.80).
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