Fiserv (Nasdaq: FISV ) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Fiserv's revenues will increase 4.8% and EPS will grow 9.5%.
The average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $1.27.
Last quarter, Fiserv logged revenue of $1.10 billion. GAAP reported sales were 3.3% higher than the prior-year quarter's $1.07 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.28. GAAP EPS of $1.17 for Q2 were 89% higher than the prior-year quarter's $0.62 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 42.3%, 90 basis points better than the prior-year quarter. Operating margin was 23.5%, 10 basis points worse than the prior-year quarter. Net margin was 14.6%, 610 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.50 billion. The average EPS estimate is $5.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 314 members out of 339 rating the stock outperform, and 25 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Fiserv a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fiserv is outperform, with an average price target of $75.00.
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