What's In Store For First Data (FDC) This Earnings Season?
Zacks Investment Research | Nov 03, 2016 11:14PM ET
First Data Corporation (NYSE:FDC) , a leading provider of electronic commerce solutions, is set to report third-quarter 2016 results on Nov 7. Last quarter, the company posted a positive surprise of 3.57%.
Let’s see how things are shaping up for this announcement.
Factors at Play
SMB turnaround: First Data is focusing on its SMB turnaround plan and had started seeing initial signs of progress in the second quarter. The turnaround will significantly boost the company’s North American merchant business.
Enterprise business: The company differentiates itself in this space by consistently offering new features and solutions to existing clients while making continuous effort to expand client list.
Partnerships: Strategic partnership is the most important part of First Data’s growth program. In the second quarter, the company partnered with Bypass and Bancolombia. It is also at different stages of completing partnerships with First Tennessee, BBVA (MC:BBVA), Zions Bank and Silicon Valley Bank.
Key Metrics: With growth initiatives going as per plan, the company is strengthening its balance sheet, expanding margins and improving cash generation capacity. Continued focus on innovation and strategic investments are expected to drive growth.
FIRST DATA CORP Price and EPS Surprise
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