Fiserv tumbles after slashing annual profit forecast

Fiserv

06/08/2026 13:46

** Shares of payments firm Fiserv FISV.O fall 11.5% to $47.89 in premarket trading
** Co lowers its FY26 adj. EPS forecast between $7.2 and $7.4 from previous forecast of $8-$8.3, analysts on average estimate $8.1 EPS, per data compiled by LSEG
** Co suffers from a difficult year, pursuing a turnaround plan due to decline in market value and substantial fallout from leadership changes
** Activist investor Jana Partners has stepped up pressure on Fiserv to strategically review its entire portfolio and refresh the board
** Posts Q2 adj. EPS of $1.84 and adj. revenue of $4.96 bln, both below analysts' consensus estimates of $1.91 and $5.04 bln
** Nine of 37 brokerages rate the stock "buy" or higher, 26 "hold" and two "sell" or lower; median PT is $64 - LSEG data
** As of close, stock down 19.4% YTD vs 12.8% increase in the S&P 500 index .SPX

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))