Fiserv Surpasses Q2 Earnings Estimates
Fiserv (NYSE: FI) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $1.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.91%. A quarter ago, it was expected that this financial services technology company would post earnings of $1.77 per share when it actually produced earnings of $1.88, delivering a surprise of 6.21%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Fiserv, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $4.79 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.42%. This compares to year-ago revenues of $4.51 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Fiserv shares have added about …
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