Fiserv Shares Surge 8% Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/FISV'>Fiserv Inc (NASDAQ:FISV)</a> shares gained more than 8% yesterday after the company reported its Q4 results, with EPS of $1.91, in-line with expectations, and revenue of $4.36 billion, slightly better than the consensus estimate of $4.35 billion.</p>
<p>The company provided its fiscal 2023 outlook, expecting EPS to be in the range of $7.25-$7.40, compared to the consensus estimate of $7.28.</p>
<p>According to the analysts at Deutsche Bank, much of the credit for the robust quarter, past 18-month results and solid 2023 guidance needs to be given to CEO Frank Bisignano for changing the organic revenue growth of the company to sustainable higher levels. </p>
<p>Given solid continued execution and the expectation for a 38th consecutive year of double-digit EPS growth, the analysts believe the company is deserving of the premium it trades at vs peers. Based on the updated outlook, the analysts raised their 2023/2024 EPS by $0.16/$0.24 to $7.29/$8.10 and introduced a 2025 EPS of $8.99.</p>

NASDAQ:FISV