Compared to Estimates, Fiserv (FI) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Fiserv (FI) reported revenue of $4.62 billion, up 8% over the same period last year. EPS came in at $1.96, compared to $1.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.59 billion, representing a surprise of +0.53%. The company delivered an EPS surprise of +1.03%, with the consensus EPS estimate being $1.94.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fiserv performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Payments and Network (Payments)- Organic Revenue: $1.71 billion versus $1.70 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
Financial Technology (Fintech)- Organic Revenue: $793 million compared to the $818.73 million average estimate based on eight analysts. The reported number represents a change of +3.4% year over year.
Merchant Acceptance- Organic Revenue: $2.24 billion versus the seven-analyst average estimate of $2.06 billion. The reported number represents a year-over-year change of +15.3%.
Corporate and Other- Organic Revenue: $5 million versus the six-analyst average estimate of $6.75 million.
Payments and Network (Payments)- GAAP Revenue: $1.70 billion versus the five-analyst average estimate of $1.70 billion. The reported number represents a year-over-year change of +5.4%.
Corporate and Other- GAAP Revenue: $268 million compared to the $276.29 million average estimate based on five analysts. The reported number represents a change of +4.3% year over year.
Merchant Acceptance- GAAP Revenue: $2.11 billion versus the five-analyst average estimate of $2.04 billion. The reported number represents a year-over-year change of +12.1%.
Revenue- Processing and services: $4.01 billion versus $3.94 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9% change.
Financial Technology (Fintech)- GAAP Revenue: $795 million versus $815.19 million estimated by three analysts on average.
Revenue- Product: $865 million versus the three-analyst average estimate of $883.19 million. The reported number represents a year-over-year change of +3%.
Operating income (loss)- Financial Technology: $291 million compared to the $310.16 million average estimate based on three analysts.
Operating Income (loss)- Corporate and other- Non-GAAP: -$120 million compared to the -$116.60 million average estimate based on three analysts.
View all Key Company Metrics for Fiserv here>>>
Shares of Fiserv have returned -5.6% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Fiserv, Inc. (FI) : Free Stock Analysis Report
