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Here's What Key Metrics Tell Us About Fiserv (FI) Q1 Earnings

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 move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how Fiserv performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Corporate and Other- Adjusted Revenue: $5 million versus the four-analyst average estimate of $5.44 million.

  • Revenue- Product: $883 million versus $889.97 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1% change.

  • Revenue- Processing and services: $4 billion versus $4 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.

  • Corporate and Other- GAAP Revenue: $345 million versus $308.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +23.7% change.

View all Key Company Metrics for Fiserv here>>>

Shares of Fiserv have returned -5.1% over the past month versus the Zacks S&P 500 composite's -4.2% 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

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