Fiserv (FISV) Gears Up For Q2 Earnings: Is A Beat In Store?
Zacks Investment Research | Jul 26, 2017 09:21PM ET
We expect Fiserv, Inc. (NASDAQ:FISV) to beat expectations when it reports second-quarter 2017 results on Aug 1.
Last quarter, its earnings of $1.25 per share surpassed the Zacks Consensus Estimate by 7 cents. The company has a decent earnings track record. In the trailing four quarters, the company surpassed the Zacks Consensus Estimate twice while matching the same on the other two occasions, delivering an average positive surprise of 1.7%.
Revenues of $1.394 billion were up 4.7% on a year-over-year basis and beat the Zacks Consensus Estimate of $1.393 billion.
Fiserv’s shares have significantly outperformed the S&P 500 on a year-to-date basis. While the index gained 11%, the stock returned 19.6%. We believe that the company’s strong market position, healthy product portfolio, significant acquisition synergies and steady flow of new customers are key drivers.
Let's see how things are shaping up for this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Fiserv is likely to beat on earnings because it has the right combination of the two key components.
Zacks ESP: Fiserv currently has an
CGI Group (NYSE:GIB) with an Earnings ESP of +5.71% and a Zacks Rank #2.
Arrow Electronics (NYSE:ARW) with an Earnings ESP of +0.57% and a Zacks Rank #2.
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