Fiserv Raises Organic Revenue Growth Outlook To 16%-17% (Prior View: 15%-17%); Increases Adjusted Earnings Per Share Outlook To $8.73-$8.80 Vs. $8.75 Estimate (Prior View: $8.65-$8.80)
Portfolio Pulse from Nabaparna Bhattacharya
Fiserv has raised its organic revenue growth outlook to 16%-17% from the previous 15%-17% and increased its adjusted earnings per share outlook to $8.73-$8.80, compared to the prior view of $8.65-$8.80.
October 22, 2024 | 11:08 am
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POSITIVE IMPACT
Fiserv has improved its financial outlook, raising its organic revenue growth and adjusted earnings per share expectations. This indicates strong business performance and could positively impact the stock price.
The increase in revenue growth and earnings per share outlook suggests Fiserv is performing well financially. This positive revision is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100