Bright Future For Fiserv: Analysts Upgrade Price Target And EPS Estimates Following Q2 Earnings Beat
Portfolio Pulse from Lekha Gupta
Fiserv Inc's Q2 FY23 results exceeded expectations, leading to several analysts raising their price targets and EPS estimates. The company reported a 7% Y/Y revenue growth to $4.76 billion, beating the consensus of $4.54 billion. Adjusted EPS of $1.81 also beat the consensus of $1.79. Fiserv raised its 2023 guidance for organic revenue growth to 9% - 11% and adjusted EPS to $7.40 - $7.50. Despite the positive news, Fiserv's shares are trading lower by 3.28% at $123.13.
July 27, 2023 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Fiserv's Q2 FY23 results beat expectations, leading to raised price targets and EPS estimates. However, the stock is trading lower.
Fiserv's better-than-expected Q2 FY23 results and raised guidance led to analysts upgrading their price targets and EPS estimates. However, despite the positive news, the stock is trading lower, indicating a negative short-term impact.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100