• Like
  • Comment
  • Favorite

These Analysts Slash Their Forecasts On Fiserv After Q1 Results

Benzinga05-07 01:59

Fiserv Inc. (NASDAQ:FISV) posted mixed first-quarter financial results Tuesday.

Fiserv reported quarterly adjusted earnings of $1.79 per share. This figure surpassed the analyst consensus estimate of $1.57. However, this represents a decrease from the $2.14 per share reported in the prior year.

The company posted quarterly sales of $4.675 billion. This missed the analyst consensus estimate of $4.729 billion. Revenue fell compared to $4.789 billion in the same period last year, according to Benzinga Pro.

Fiserv affirmed its fiscal 2026 adjusted EPS guidance of $8 to $8.30. This compares to a $8.10 analyst estimate.

"Our team is focused on advancing the One Fiserv Action Plan," CEO Mike Lyons said. "We look forward to providing more details on our strategy and medium-term financial outlook at our May 14 Investor Day."

Fiserv shares fell 2.1% to trade at $56.09 on Wednesday.

These analysts made changes to their price targets on Fiserv following earnings announcement.

  • Mizuho analyst Dan Dolev maintained Fiserv with an Outperform rating and lowered the price target from $100 to $90.
  • RBC Capital analyst Daniel R. Perlin maintained the stock with an Outperform rating and cut the price target from $85 to $75.

Considering buying FISV stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24