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Fiserv(FI) - 2024 Q4 - Annual Results
2025-02-05 12:13
Exhibit 99.1 News Release GAAP revenue growth of 7% both in the quarter and for the full year; GAAP EPS increased 13% in the quarter and 8% for the full year; Operating cash flow was $6.63 billion for the full year; Organic revenue growth of 13% in the quarter and 16% for the full year; Adjusted EPS increased 15% in the quarter and 17% for the full year; Free cash flow was $5.23 billion for the full year; Company expects 2025 organic revenue growth of 10% to 12% and adjusted EPS of $10.10 to $10.30, or grow ...
Fiserv Gears Up to Report Q4 Earnings: Here's What You Should Know
ZACKS· 2025-02-03 18:26
Fiserv, Inc. (FI) is scheduled to release its fourth-quarter 2024 results on Feb. 5, before market open.See Zacks Earnings Calendar to stay ahead of market-making news.FI’s earnings surprise history has been decent. It has outpaced the Zacks Consensus Estimate in the trailing quarters, the average surprise being 3.1%.Fiserv, Inc. Price, Consensus and EPS Surprise Fiserv’s Q4 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $5 billion, suggesting a 7.5% increase from the year-ago quarte ...
3 Reasons Why Growth Investors Shouldn't Overlook Fiserv (FI)
ZACKS· 2025-01-24 18:46
Growth Investing and Fiserv's Position - Growth investors focus on stocks with above-average financial growth, which can deliver solid returns but carry higher risk and volatility [1] - Fiserv (FI) is recommended by the Zacks Growth Style Score system, carrying a favorable Growth Score and a top Zacks Rank [2] - Stocks with strong growth features, such as a Growth Score of A or B and a Zacks Rank 1 or 2, consistently outperform the market [3] Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth indicating strong prospects [4] - Fiserv's historical EPS growth rate is 18.8%, and its projected EPS growth for this year is 16.5%, surpassing the industry average of 16.3% [5] Cash Flow Growth - Higher-than-average cash flow growth is crucial for growth-oriented companies, enabling business expansion without relying on external funding [6] - Fiserv's year-over-year cash flow growth is 5.1%, exceeding the industry average of 4.3% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 33.5%, significantly higher than the industry average of 12.7% [7] Earnings Estimate Revisions - Positive trends in earnings estimate revisions are strongly correlated with near-term stock price movements [8] - Fiserv has seen upward revisions in current-year earnings estimates, with the Zacks Consensus Estimate increasing by 0.2% over the past month [9] Conclusion - Fiserv has earned a Growth Score of B and a Zacks Rank 2 due to its strong earnings estimate revisions and growth metrics [11] - This combination positions Fiserv well for outperformance, making it an attractive option for growth investors [11]
Fiserv Appoints PNC Veteran Michael Lyons as President and CEO-Elect
PYMNTS.com· 2025-01-23 17:59
Core Points - Fiserv has appointed Michael P. Lyons as president and CEO-elect, effective January 27, with his official role starting on June 30 or upon confirmation by the U.S. Senate [1][2] - The board of directors conducted a thorough search for a leader with industry expertise and a strong operational track record, expressing confidence in Lyons to drive innovation and shareholder value [2] - Lyons previously served as president of PNC Financial Services Group, where he led various business lines and played a key role in strategic acquisitions, including BBVA USA [3] - In addition to his role at Fiserv, Lyons is currently chair of Early Warning Services, which operates Zelle and Paze, and has a long-standing familiarity with Fiserv as an investor and banker [4] - Frank Bisignano, the current CEO, will transition to the role of commissioner of the Social Security Administration, as announced by President Trump [5]
Is Fiserv (FI) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2025-01-08 18:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the ...
Will Fiserv (FI) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-01-07 18:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Fiserv (FI) . This company, which is in the Zacks Financial Transaction Services industry, shows potential for another earnings beat.This financial services technology company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarter ...
Payfare Enters into Definitive Agreement to be Acquired by Fiserv
Prnewswire· 2024-12-23 12:00
Core Viewpoint - Payfare Inc. has entered into a definitive arrangement agreement with 1517452 B.C. Ltd., an affiliate of Fiserv, Inc., for the acquisition of Payfare at a purchase price of CA$4.00 per share, representing a total consideration of approximately CA$201.5 million, subject to shareholder and customary approvals [10][11]. Transaction Details - The purchase price represents a premium of approximately 90% to the closing price on the Toronto Stock Exchange (TSX) on December 20, 2024, and a premium of approximately 92% to the 60-day volume weighted average trading price as of that date [5][10]. - The transaction is expected to close in the first half of 2025 and is not subject to a financing condition [4][10]. - Upon closing, the shares of Payfare will cease to be listed on the TSX and the OTCQX, and the company will apply to cease being a reporting issuer under Canadian securities laws [4][10]. Board and Advisory Support - The Board of Directors unanimously approved the transaction after receiving a recommendation from a special committee of independent directors [2][11]. - Fairness opinions were provided by Blair Franklin Capital Partners Inc. and Keefe, Bruyette & Woods Inc., concluding that the transaction consideration is fair from a financial perspective [5][17]. - All directors and senior officers have entered into voting support agreements, representing approximately 11.3% of the issued and outstanding shares of the company [5][14]. Approval Process - The transaction requires approval from 66 2/3% of the votes cast by shareholders and a majority of votes from shareholders excluding certain directors and officers, along with court approval [12][16]. - A special meeting of shareholders will be held to consider and vote on the transaction [13][12]. Company Background - Payfare is a leading international Earned Wage Access (EWA) company providing instant access to earnings and digital banking solutions for workforces [20]. - Fiserv, a global leader in payments and financial technology, aims to enhance financial services through innovation and excellence [21].
Fiserv Is Up 50% This Year and Can Go Another 50% Higher
MarketBeat· 2024-11-07 13:30
Fiserv TodayFIFiserv$211.20 +8.18 (+4.03%) 52-Week Range$118.42▼$211.98P/E Ratio40.62Price Target$207.25Add to WatchlistFiserv's NYSE: FI stock rallies in 2024 because of its position in the financial services industry and growing business leverage. The company is the #1 choice for payment and card services globally for merchants and financial institutions, growing its reach while its clients deepen penetration of a growing middle class. The growing middle class drives consumption of goods and services acr ...
Fiserv Q3: Expanding Margins And Strong Clover Growth
Seeking Alpha· 2024-10-23 11:00
Shares of Fiserv (NYSE: FI ) rallied 1% on Tuesday after reporting a solid set of quarterly earnings results. These gains added to an impressive run in shares, which are now up a remarkable 82% over the pastOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure: I/we hav ...
Fiserv Q3 Earnings Beat, Revenues Miss Despite Strong Segments
ZACKS· 2024-10-22 18:16
Fiserv, Inc. (FI) has reported mixed third-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, while revenues missed the mark.See Zacks Earnings Calendar to stay ahead of market-making news.FI’s adjusted earnings per share (excluding $1.3 from non-recurring items) of $2.3 beat the consensus mark by 2.2% and gained 17.4% year over year. Adjusted revenues of $4.9 billion missed the consensus estimate by a slight margin but rose a tad on a year-over-year basis.The FI stock has gained ...