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Dec. 8, 2020, 7:40 a.m. EST

Fiserv affirms 2020 profit outlook, provides in-line guidance for next year

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By Tomi Kilgore

Fiserv Inc. /zigman2/quotes/204817680/composite FISV +1.05% reiterated its full-year 2020 adjusted profit growth outlook of 11% over 2019 earnings, "despite some softening in demand due COVID-19 restrictions," and said it expects 2021 adjusted earnings-per-share growth of 20% to 25%. The FactSet consensus for 2020 EPS of $4.41 implied 10.3% growth, and the 2021 EPS consensus of $5.38 implies 22% growth. Also for 2021, the company expects internal revenue growth of 7% to 12%. The payments and financial technology company said its financial outlook "does not assume a significant extension of COVID-19 deep into 2021." The stock, which slipped 0.2% in premarket trading, has rallied 23.1% over the past three months through Monday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.58% has gained 10.8%.

/zigman2/quotes/204817680/composite
US : U.S.: Nasdaq
$ 108.50
+1.13 +1.05%
Volume: 3.05M
June 24, 2021 4:00p
P/E Ratio
84.87
Dividend Yield
N/A
Market Cap
$71.59 billion
Rev. per Employee
$337,545
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/zigman2/quotes/210599714/realtime
US : S&P US
4,266.49
+24.65 +0.58%
Volume: 1.87B
June 24, 2021 5:29p
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