Overview

* Fiserv ( FI ) Q3 GAAP revenue grows 1% yr/yr, adjusted revenue misses analyst expectations

* Adjusted EPS for Q3 decreases 11%, missing analyst expectations

* Company acquires CardFree, expands Clover platform in Canada

Outlook

* Fiserv ( FI ) expects 2025 organic revenue growth of 3.5% to 4%

* Company forecasts 2025 adjusted EPS of $8.50 to $8.60

* Fiserv ( FI ) launches One Fiserv plan to enhance client focus

Result Drivers

* MERCHANT SOLUTIONS GROWTH - Co reports 5% growth in Merchant Solutions segment, contributing positively to overall revenue

* ONE FISERV ACTION PLAN - Co launches plan to enhance client focus and drive sustainable growth, per CEO Mike Lyons

* LEADERSHIP CHANGES - Co announces updates to leadership team and board refreshment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $5.26

Revenue bln

Q3 Miss $4.91 $5.37

Adjusted bln bln (23

Revenue Analysts

)

Q3 Miss $2.04 $2.66

Adjusted (26

EPS Analysts

)

Q3 EPS $1.46

Q3 Net $799 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 29 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the business support services peer group is "buy"

* Wall Street's median 12-month price target for Fiserv Inc ( FI ) is $170.00, about 25.8% above its October 28 closing price of $126.17

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)