Fiserv Narrows Guidance

Simply put: Fiserv (FISV) is a great company. Every quarter, this company delivers. Fiserv just reported Q3 EPS of 92 cents which was in line with the Street’s forecast. For last year’s Q3, they made 81 cents so that’s pretty good growth.
For all of last year, Fiserv made $3.29. In July, they said to expect 2009’s EPS to range between $3.61 and $3.75. Today, the company narrowed the range to $3.63 to $3.68. The market seems a bit freaked out by that (the shares are off about 4% after hours), but I’m not concerned at all. That’s a very small adjustment and we’re still talking about a stock that’s going for about 12 times next year’s earnings.
Fiserv is a very good buy here.

Posted by on October 27th, 2009 at 6:49 pm

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