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Fiserv (FI)
NYSE:FI
Holding FI?
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.49Last Year’s EPS
$2.19Same Quarter Last Year
Strong Buy
Based on 25 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: 4.50%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with robust revenue and earnings growth driven by strategic partnerships and expansions. However, challenges in Argentina and a general slowdown in consumer spending growth were noted. Despite these challenges, the overall outlook remains positive with increased guidance for the year.Company Guidance
In the Fiserv Q3 2024 earnings call, the company raised its guidance for the remainder of the year, with organic revenue growth expectations increased from 15%-17% to 16%-17%, and adjusted earnings per share guidance lifted to $8.73-$8.80. The company reported a strong quarter with adjusted earnings per share up 17% year-over-year at $2.30, driven by a 7% growth in adjusted revenue and a 170 basis point rise in adjusted operating margin to 40.2%. Free cash flow reached $1.9 billion for the quarter and $3.3 billion year-to-date, with $1.3 billion returned to shareholders through share repurchase programs. Fiserv also highlighted its strategic initiatives, including partnerships with DoorDash and Walmart, and noted 24% organic revenue growth in its Merchant Solutions segment, with Clover revenue up 28% and value-added services penetration reaching 21%. The company anticipates maintaining its momentum into 2025, leveraging its robust infrastructure and strategic partnerships.Strong Revenue and Earnings Growth
Adjusted earnings per share rose 17% to $2.30. Adjusted revenue growth was 7%, and adjusted operating margin increased 170 basis points to 40.2%. Organic revenue growth was 15%.
Merchant Solutions Segment Growth
Merchant Solutions segment saw organic revenue growth of 24%, driven by strong performance in Clover with a 28% revenue increase and value-added services penetration reaching 21%.
Strategic Partnerships and Initiatives
Announced partnerships with DoorDash for embedded finance solutions and completed a proof of concept with Walmart for real-time Pay by Bank transactions. Launched new capabilities like the enterprise commerce control center and expanded Clover pilots in Brazil and Mexico.
Financial Solutions Segment Performance
Financial Solutions posted 6% organic revenue growth, with notable wins like Exxon signing for a Data-as-a-Service offering and PNC adopting an AI-enabled fraud detection product.
Increased Guidance for 2024
Raised organic revenue growth guidance from 15%-17% to 16%-17% and adjusted EPS guidance to $8.73-$8.80.
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FI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $197.17 | $199.67 | +1.27% |
| Jul 24, 2024 | $157.22 | $161.16 | +2.51% |
| Apr 23, 2024 | $148.80 | $155.39 | +4.43% |
| Feb 06, 2024 | $144.15 | $141.09 | -2.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fiserv (FI) report earnings?
Fiserv (FI) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Fiserv (FI) earnings time?
Fiserv (FI) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FI EPS forecast?
FI EPS forecast for the fiscal quarter 2024 (Q4) is $2.49.
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