Fiserv, Inc. (FI) has reported mixed first-quarter 2024 results, wherein earnings beat the Zacks Consensus Estimate, while revenues missed the mark.FI’s adjusted earnings per share (excluding 65 cents from non-recurring items) of $1.9 beat the consensus mark by 6.2% and increased 19% year over year. Adjusted revenues of $4.5 billion missed the consensus estimate by a slight margin and decreased slightly on a year-over-year basis.Other Quarterly DetailsProcessing and services’ revenues of $4 billion increase ...

Fiserv’s most recent earnings call Tuesday (April 23) demonstrated continued demand for its point-of-sale (POS) systems that enable merchants to accept payments.The company posted results that showed consolidated adjusted revenue growth of 7% in the first quarter to $4.9 billion.Fiserv CEO Frank Bisignano said during the call that both segments — Merchant Solutions and Financial Solutions — performed well in the quarter. Merchant Solutions revenues grew 13% on an adjusted basis.  The Financial Solutions seg ...

For the quarter ended March 2024, Fiserv (FI) reported revenue of $4.54 billion, up 6.1% over the same period last year. EPS came in at $1.88, compared to $1.58 in the year-ago quarter.The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $4.56 billion. With the consensus EPS estimate being $1.77, the EPS surprise was +6.21%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next mov ...

News Release For more information contact: Exhibit 99.1 GAAP earnings per share was $1.24 in the first quarter of 2024, an increase of 39% compared to the prior year period. GAAP operating margin was 24.2% in the first quarter of 2024 compared to 20.5% in the first quarter of 2023. GAAP operating margin was 34.1% in the Merchant Solutions segment and 44.1% in the Financial Solutions segment in the first quarter of 2024, compared to 29.7% and 42.4% in the first quarter of 2023, respectively. Net cash provide ...

Fiserv, Inc. (FI) is scheduled to release its first-quarter 2024 results on Apr 23, before market openFI’s earnings surprise history has been decent. It has surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched in one, the average surprise being 1%.Q1 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $4.6 billion, suggesting 6.4% growth from the year-ago quarter’s reported number. The rise is likely to have been driven by a strong distribution network ...

Analysts on Wall Street project that Fiserv (FI) will announce quarterly earnings of $1.77 per share in its forthcoming report, representing an increase of 12% year over year. Revenues are projected to reach $4.56 billion, increasing 6.6% from the same quarter last year.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over th ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fiserv (FI) , which belongs to the Zacks Financial Transaction Services industry.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 quarters was 1.45%.For the last reported quarter, Fiserv came out with earnings of $2.19 per ...

The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes. An uptick in cross-border volumes results from a growing international workforce and international trade. Possible interest rate cuts in 2024 are expected to make wa ...

Fintech, or financial technology, is a sector that has been growing rapidly in recent years, offering innovative solutions for payments, banking, lending and investing. The best fintech stocks leverage digital platforms, data analytics, artificial intelligence (AI) and other technologies. They provide faster, cheaper and more convenient financial services to consumers and businesses.In fact, the Ark Fintech Innovation ETF (NYSEARCA:ARKF) is an exchange-traded fund that manages around $1.2 billion in capital ...

Jason Paguandas, vice president and general manager, merchant security and fraud at Carat from Fiserv , told Karen Webster that while the technologies may be changing, the password is still stubbornly in place, and for a reason. Paguandas also outlined some key principles guiding authentication of payments and commerce.“Authentication is the moment of truth for a customer,” he said, determining whether a merchant or financial institution (FI) can or will proceed with a transaction — or require more verifica ...