FISV - Fiserv affirms FY20 outlook provides prelim FY21 outlook

With regards its Investor Conference today, Fiserv (FISV) affirmed its 2020 outlook for adj. EPS to grow 11% Y/Y.For preliminary FY21, Fiserv expects internal revenue growth of 7 to 12%, adj. EPS to grow in a range of 20 to 25% Y/Y; preliminary outlook does not assume a significant extension of COVID-19 impact deep into 2021."We have broadened the lower end of our internal revenue growth range to reflect the potential for economic volatility from COVID-19 in early 2021. Fiserv remains very well positioned for continuing strong financial performance, and value creation for clients and shareholders," president & CEO Frank Bisignano commented.For 2022 and 2023, Fiserv expects internal revenue growth of 7 to 9% annually; annual adj. EPS growth of 15 to 20%; outlook assumes global economy has generally recovered from the impact of the COVID-19 pandemic.Investor Conference begins today at 8:00 a.m. CSTShares -0.37% PM

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Fiserv affirms FY20 outlook, provides prelim FY21 outlook