Fiserv and AFLAC’s Earnings Due this Week

This will be another busy week for earnings. I’m especially looking forward to Friday’s GDP report. This will be our first look out how well the economy did during the third quarter.

So far, the much-talked-about Double Dip has been in the second derivative. The rate of growth has slowed down, but we haven’t actually seen negative growth. I don’t expect much from this report, perhaps around 2%.

On our Buy List, Fiserv (FISV) and AFLAC (AFL) both will report on Tuesday. Fiserv rarely deviates much from Wall Street’s earnings forecast.

The Street currently expects $1.00 per share for Q3 earnings. In July, they gave full-year guidance of $3.96 to $4.07 per share. I wouldn’t be surprised if they lifted the low end of that forecast.

AFLAC said it expects Q3 earnings of $1.35 to $1.38 per share. Of course, since much of AFLAC’s business is in Japan, much of the fine-tuning depends on the yen/dollar rate. For all of 2010, AFLAC sees earnings of $5.34 per share.

Posted by on October 25th, 2010 at 8:53 am


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