Fiserv’s Earnings Report

Fiserv (FISV) reported earnings of 60 cents a share for the third quarter. This is a really good little stock. The company never floors Wall Street, but it almost always delivers solid results. It’s sort of the Craig Biggio of the financial data processing industry.
Fiserv has consistently grown its earnings-per-share by about 18% for several years now. That doesn’t get anyone’s attention in one year, but when you look at the full record, it’s pretty impressive.
Last year, FISV netted 47 cents a share. For the fourth quarter, the comapny sees earnings of 54 to 57 cents a share. For the full year, the company projects earnings of $2.28 to $2.31 a share. The stock was downgraded by Wachovia this morning, and it’s trading lower.

Posted by on October 21st, 2005 at 10:18 am


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