Fiserv lifts earnings guide after Q1 results surpass consensus [Seeking Alpha]
Fiserv, Inc. (FI)
Last fiserv, inc. earnings: 2/25 07:00 am
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Source: Seeking Alpha
The payment technology and financial services company now expects 2024 adjusted EPS of $8.60-$8.75, vs. $8.63 consensus, representing annual growth of 14%-16%. Fiserv ( FI ) maintained its 2024 organic revenue growth outlook of 15%-17%. Q1 adjusted EPS of $1.88, exceeding the $1.79 average analyst estimate, fell from $2.19 in the previous quarter and rose from $1.58 a year before. Adjusted revenue of $4.88B, vs. $4.58B expected, advanced from $4.64B in Q4 2023 and $4.55B in Q1 2023. Organic revenue grew 20%, led by 36% growth in the Merchant Solutions unit and 5% growth in the Financial Solutions segment. Total expenses were $3.70B, up from $3.47B in the prior quarter and $3.61B in the year-earlier period. Adjusted operating margin of 35.8% vs. 40.7% in Q4 2023 and 34.0% in Q1 2023. Earlier, Fiserv ( FI ) beats top-line and bottom-line estimates; raises adjusted EPS FY24 outlook. Recommended For You More Trending News Recommended For You More Trending News
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- The Broyhill Q1 2024 Letter [Seeking Alpha]Seeking Alpha
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FI
Earnings
- 4/23/24 - Beat
FI
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 4/24/24 - Form 10-Q
- FI's page on the SEC website