Fiserv Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fiserv (NASDAQ:FISV) will unveil its latest earnings on Monday, July 30, 2012. Fiserv provides information management and electronic commerce systems for the financial services industry.

Fiserv Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.26 per share, a rise of 11.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 12.9% versus last year to $5.17.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported profit of $1.20 per share versus a mean estimate of $1.15. Two quarters ago, it reported net income of $1.27 per share.

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A Look Back: In the first quarter, profit rose 17.9% to $132 million (94 cents a share) from $112 million (76 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.7% to $1.11 billion from $1.05 billion.

Wall St. Revenue Expectations: Analysts are projecting a rise of 5.7% in revenue from the year-earlier quarter to $1.12 billion.

Stock Price Performance: Between July 18, 2012 and July 24, 2012, the stock price dropped $2.75 (-3.8%), from $71.95 to $69.20. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 15, 2012, when shares rose for eight straight days, increasing 5.1% (+$3.34) over that span. It saw one of its worst periods between May 1, 2012 and May 9, 2012 when shares fell for seven straight days, dropping 6.3% (-$4.47) over that span.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 4.2% in the second quarter of the last fiscal year, 3.7% in the third quarter of the last fiscal year and 7.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

There has enjoyed solid performance recently heading into this earnings announcement with profit rising by a year-over-year average of 2.1% for the last four quarters.

Analyst Ratings: There are mostly holds on the stock with 10 of 19 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.97 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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