Fiserv Inc (FISV) Misses Q3 EPS by 7c, Offers Guidance

Fiserv Inc (NASDAQ: FISV) reported Q3 EPS of $1.63, $0.07 worse than the analyst estimate of $1.70. Revenue for the quarter came in at $4.52 billion versus the consensus estimate of $4.28 billion.

GUIDANCE:

Fiserv Inc sees FY2022 EPS of $6.48-$6.55, versus the consensus of $6.48.

• Fiserv raises full year 2022 outlook and now expects organic revenue growth of 11% and adjusted earnings per share of $6.48 to $6.55, representing growth of 16% to 17%.
• “The demonstrated resilience of our business model should position Fiserv well to withstand current uncertainty, as we continue to deliver for our clients and invest for future growth,” said Bisignano. “We’ve outperformed our original growth expectations and have begun to see the benefits of operating leverage and expense management. As a result, we are raising our guidance for organic revenue and adjusted EPS growth.”

For earnings history and earnings-related data on Fiserv Inc (FISV) click here.

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