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Fiserv (FISV) to Report Q3 Earnings: What's in the Cards?

Zacks Equity Research

Fiserv, Inc. FISV is scheduled to report third-quarter 2019 results on Nov 6, after market close.

While the company’s top line is likely to have benefited from solid segmental performance, the bottom line is expected to have been driven by revenue growth and operational effectiveness.

So far this year, shares of Fiserv have gained 45.4% compared with the 40.1% rise of the industry it belongs to and 21.1% increase of the Zacks S&P 500 composite.

 

Let's check out how things have shaped up for the announcement.

Segmental Growth to Drive Top Line

Strength across both the segments — Payments and Industry Products, and Financial Institution Services — is likely to have driven Fiserv’s third-quarter 2019 revenues, the Zacks Consensus Estimate for which stands at $3.82 billion, indicating year-over-year growth of more than 100%.In second-quarter 2019, revenues of $1.51 billion improved 6.5% year over year.

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Going by segments, the consensus estimate for Payments and Industry Products revenues is pegged at $923 million, indicating growth of 9.4% from the prior-year quarter reported figure. The segment is likely to have gained from solid performance of card services, electronic payments and output solutions businesses.

The consensus mark for Financial Institution Services revenues is pegged at $606 million, indicating 5.6% increase from the year-ago quarter reported figure. The segment is likely to have been driven by the company’s account and item processing businesses.

Fiserv, Inc. Revenue (TTM)

 

Fiserv, Inc. Revenue (TTM)
Fiserv, Inc. Revenue (TTM)

Fiserv, Inc. revenue-ttm | Fiserv, Inc. Quote

 

Earnings Likely to Improve Year Over Year

Revenue growth and operational effectiveness are likely to have boosted Fiserv’s third-quarter 2019 earnings, the Zacks Consensus Estimate for which is pegged at $1.03 per share, indicating year-over-yeargrowth of 37.3%. In second-quarter 2019, adjusted earnings per share of 82 cents increased 9% year over year.

What Our Model Says

Our proven Zacks model does not conclusively predict an earnings beat for Fiserv this season. 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 to buy or sell before they're reported with our Earnings ESP Filter.

Fiserv has an Earnings ESP of 0.00% and a Zacks Rank #3.

Fiserv, Inc. Price and EPS Surprise

 

Fiserv, Inc. Price and EPS Surprise
Fiserv, Inc. Price and EPS Surprise

Fiserv, Inc. price-eps-surprise | Fiserv, Inc. Quote

 

Stocks to Consider

Here are a few stocks that investors may consider as our model shows that these have the right combination of elements to beat on third-quarter 2019 earnings:

FLEETCOR Technologies FLT has an Earnings ESP of +1.10% and a Zacks Rank #2. The company is slated to report results on Nov 6. You can see the complete list of today’s Zacks #1 Rank stocks here.

Fidelity National Information Services, Inc. FIS has an Earnings ESP of +0.13% and a Zacks Rank #3. The company is slated to release results on Nov 5.

Zillow Group ZG has an Earnings ESP of +5.09% and a Zacks Rank #3. The company is slated to report results on Nov 7.

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Zillow Group, Inc. (ZG) : Free Stock Analysis Report
 
FleetCor Technologies, Inc. (FLT) : Free Stock Analysis Report
 
Fiserv, Inc. (FISV) : Free Stock Analysis Report
 
Fidelity National Information Services, Inc. (FIS) : Free Stock Analysis Report
 
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Zacks Investment Research