Fiserv Projects Over $12 EPS by 2029, Targets 4-6% Revenue Growth Through 2029
FISV is trading near its 52-week low of $52.17 (2.3% above the low).
Summary
Fiserv has outlined a robust medium-term financial outlook, projecting a compounded annual growth rate for adjusted revenue of 4% to 6% from 2026 to 2029, adjusted operating margins exceeding 37% in 2029, and double-digit adjusted EPS growth between 2027 and 2029, reaching over $12 per share in 2029. This detailed multi-year guidance provides significant new information beyond the current year's reaffirmed EPS outlook of $8.00 to $8.30, which was previously reported. This forward-looking clarity is material for investors, offering a positive long-term growth narrative, especially as the stock trades near its 52-week low. Traders will closely watch the company's ability to execute on these ambitious targets and any strategic updates to support this growth.
At the time of this announcement, FISV was trading at $53.35 on NASDAQ in the Finance sector, with a market capitalization of approximately $27.9B. The 52-week trading range was $52.17 to $191.91. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.