Fiserv Reiterated 2024 Organic Revenue Growth Of 15%-17%, Adjusted EPS Of $8.60 - $8.75 (Prior $8.55-$8.70) Vs Est $8.63
Portfolio Pulse from Benzinga Newsdesk
Fiserv has updated its 2024 financial outlook, reiterating its organic revenue growth target of 15%-17% and raising its adjusted EPS forecast to $8.60 - $8.75 from the previous $8.55-$8.70, versus an estimate of $8.63. The company's adjusted EPS outlook for 2024 reflects a 14%-16% growth over the 2023 adjusted EPS of $7.52, after accounting for various adjustments including merger and integration costs, severance costs, and amortization of acquisition-related intangible assets. The adjustments aim to provide a clearer picture of the company's operational performance by excluding non-cash or other items that are not indicative of ongoing operations.
April 23, 2024 | 11:08 am
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Fiserv has raised its 2024 adjusted EPS forecast to $8.60 - $8.75, up from the previous $8.55-$8.70, indicating a positive outlook on its financial performance and operational efficiency. This update suggests a strong growth trajectory for the company, with a 14%-16% growth in adjusted EPS expected over 2023's performance.
The upward revision in Fiserv's adjusted EPS forecast for 2024 is a strong indicator of the company's confidence in its operational efficiency and growth prospects. This adjustment, especially when it exceeds market estimates, is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price as market sentiment around the company's financial health and future prospects improves.
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