Advertisement
Singapore markets closed

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Bitcoin USD

    66,680.42
    +610.03 (+0.92%)
     

  • CMC Crypto 200

    1,439.32
    +15.22 (+1.07%)
     

  • FTSE 100

    8,090.13
    +45.32 (+0.56%)
     

  • Gold

    2,327.40
    -14.70 (-0.63%)
     

  • Crude Oil

    82.97
    -0.39 (-0.47%)
     

  • 10-Yr Bond

    4.5980
    0.0000 (0.00%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    +63.72 (+0.90%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Fiserv Up 7% in 2016: What’s in Store for 1Q16 Earnings?

Rebecca Keats

Fiserv Up 7% in 2016: What's in Store for 1Q16 Earnings?

Upcoming earnings announcement

Fiserv (FISV) is scheduled to report its 1Q16 earnings on May 5. Wall Street analysts (SPY)(QQQ) surveyed by Bloomberg expect it to report earnings per share (or EPS) of $1.02 for 1Q16 compared to $0.89 in 1Q15.

In 2016 so far, Fiserv (FISV) has outperformed the financial sector as well as the broad market. The Financial Select Sector SPDR ETF (XLF)(VFH) represents the financial sector. Year-to-date, the financial sector has lost 1.9%. In comparison, Fiserv (FISV) has gained 6.6% during the year so far.

Peers’ performance

ADVERTISEMENT

Since the beginning of 2016 through April 28, the financial sector has been under the knife, backed by fears of a global recession and a low interest rate outlook. Year-to-date, shares of peers Fidelity Information Services (FIS) have gained 8.5%. Comparatively, Jack Henry & Associates (JKHY) generated 4.6% returns in 2016 so far.

Continue to Next Part

Browse this series on Market Realist: