NasdaqGS:FISVDiversified Financial
Fiserv (FI) Stock Faces Margin Squeeze After Guidance Cut
Fiserv came into this earnings print looking like a value play, with the stock trading on about 10x trailing earnings and sitting well below one common discounted cash flow estimate. The market still marked the shares down about 3% to roughly US$52 after the release, which indicates that expectations around this transition year were fragile.
The headline this quarter is profit pressure. Net income from continuing operations on a trailing 12 month basis sits at about US$2.8b on US$20.9b of...