Overview
Fiserv Q3 GAAP revenue grows 1% yr/yr, adjusted revenue misses analyst expectations
Adjusted EPS for Q3 decreases 11%, missing analyst expectations
Company acquires CardFree, expands Clover platform in Canada
Outlook
Fiserv expects 2025 organic revenue growth of 3.5% to 4%
Company forecasts 2025 adjusted EPS of $8.50 to $8.60
Fiserv launches One Fiserv plan to enhance client focus
Result Drivers
MERCHANT SOLUTIONS GROWTH - Co reports 5% growth in Merchant Solutions segment, contributing positively to overall revenue
ONE FISERV ACTION PLAN - Co launches plan to enhance client focus and drive sustainable growth, per CEO Mike Lyons
LEADERSHIP CHANGES - Co announces updates to leadership team and board refreshment
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$5.26 bln
Q3 Adjusted Revenue
Miss
$4.91 bln
$5.37 bln (23 Analysts)
Q3 Adjusted EPS
Miss
$2.04
$2.66 (26 Analysts)
Q3 EPS
$1.46
Q3 Net Income
$799 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 29 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Fiserv Inc is $170.00, about 25.8% above its October 28 closing price of $126.17
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nBw2z1XFBa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)