Fiserv Earnings: Here’s Why the Stock is Falling Now
Fiserv, Inc. (NASDAQ:FISV) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.16%.
Fiserv, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.83% to $1.33 in the quarter versus EPS of $1.20 in the year-earlier quarter.
Revenue: Rose 3.97% to $1.15 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Fiserv, Inc. reported adjusted EPS income of $1.33 per share. By that measure, the company missed the mean analyst estimate of $1.34. It missed the average revenue estimate of $1.2 billion.
Quoting Management: “Our first quarter results are in line with expectations, and we are on-track to achieve our targeted results for the year,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “We are pleased with our progress on the integration of Open Solutions and the positive client reaction to our broad array of leading solutions.”
Key Stats (on next page)…
Revenue decreased 0.35% from $1.16 billion in the previous quarter. EPS decreased 4.32% from $1.39 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.44 to a profit $1.46. For the current year, the average estimate has moved up from a profit of $5.94 to a profit of $5.97 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)