Fiserv, Inc. is a business services provider offering various solutions to the financial industry. This publicly traded company has recently been analyzed by Zacks Research analysts who issued their Q2 2023 EPS estimates. According to this report, Fiserv is expected to earn $1.77 per share for the quarter, with a consensus estimate of $7.36 per share for full-year earnings.
Alongside these estimates, Zacks Research also provided projected earnings for different quarters throughout 2023 and 2024. Fiserv’s forecasted earnings for Q3 2023 are at $1.88 EPS, whereas Q2 2024 earnings could reach up to $2.18 EPS, with FY2025 earnings estimated at $8.99 EPS.
However, in February 2023, Fiserv’s board authorized a share repurchase program that would allow the company to repurchase 75 million shares of its own stock through open market purchases. Share repurchases are typically viewed as an indication that the company believes its stock is undervalued.
Funds such as Colonial Trust Advisors and Coppell Advisory Solutions Corp have recently invested in Fiserv shares at low entry points. These funds have faith in Fiserv’s earning potential and believe their investments will yield significant returns.
Overall, Fiserv appears to be doing well financially based on predictions and initiatives set forth by the company’s board of directors. Their projected positive revenue outlook should continue fostering investor interest for years to come.
[link] [comments] https://www.reddit.com/r/stocks/comments/13hzdt4/shareholders_rejoice_as_fiserv_fisv_announces/
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