Fiserv Earned 89 Cents per Share

After the closing bell, Fiserv (FISV) reported Q1 adjusted earnings of 89 cents per share. That’s a 9% increase over last year’s Q1 and it’s three cents better than expectations. Adjusted revenue grew by 4% to $1.19 billion.

“We are pleased with our strong start to the year,“ said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Results for the quarter were consistent with our full-year expectations, highlighted by strong operating performance and excellent growth in free cash flow.”

Fiserv reiterated their revenue and earnings forecasts for this year. They expect internal revenue to grow by 5% to 6% and EPS to range between $3.73 and $3.83. Since Fiserv made $3.37 per share last year, this year’s guidance works out to an earnings growth rate of 11% to 14%. If that’s right, this will be Fiserv’s 30th-straight year of double-digit earnings growth.

The shares have largely stayed between $77 and $80 for much of the last three months, but I’m not at all worried. Fiserv is about as solid as they come.

Posted by on May 5th, 2015 at 4:20 pm


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