Subtext

Fiserv, Inc. FI

SectorFinancials
Transcripts53
Date range2012-04-30 – 2025-04-24
Calls charted53

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-24-12+0+12+242012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22012 Q1 · Overall: +8.82012 Q2 · Overall: +9.22012 Q3 · Overall: +13.32012 Q4 · Overall: +9.92013 Q1 · Overall: +13.02013 Q2 · Overall: +8.92013 Q3 · Overall: +7.22013 Q4 · Overall: +11.22014 Q1 · Overall: +13.52014 Q2 · Overall: +11.72014 Q3 · Overall: +13.62014 Q4 · Overall: +14.52015 Q1 · Overall: +12.72015 Q2 · Overall: +12.92015 Q3 · Overall: +12.92015 Q4 · Overall: +6.62016 Q1 · Overall: +8.02016 Q2 · Overall: +9.12016 Q3 · Overall: +5.82016 Q4 · Overall: +10.72017 Q1 · Overall: +18.32017 Q2 · Overall: +10.92017 Q3 · Overall: +8.72017 Q4 · Overall: +9.82018 Q1 · Overall: +8.42018 Q2 · Overall: +6.82018 Q3 · Overall: +7.82018 Q4 · Overall: +15.52019 Q1 · Overall: +12.72019 Q2 · Overall: +10.02019 Q3 · Overall: +19.82019 Q4 · Overall: +18.62020 Q1 · Overall: +14.32020 Q2 · Overall: +16.32020 Q3 · Overall: +19.82020 Q4 · Overall: +20.72021 Q1 · Overall: +15.82021 Q2 · Overall: +17.02021 Q3 · Overall: +0.32021 Q4 · Overall: +6.62022 Q1 · Overall: +10.22022 Q2 · Overall: +13.12022 Q3 · Overall: +18.62022 Q4 · Overall: +12.32023 Q1 · Overall: +9.42023 Q2 · Overall: +17.22023 Q3 · Overall: +14.62023 Q4 · Overall: +14.52024 Q1 · Overall: +14.02024 Q2 · Overall: +12.52024 Q3 · Overall: +13.02024 Q4 · Overall: +13.72025 Q1 · Overall: +15.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-34-17+0+17+342012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22012 Q1 · CEO: +12.62012 Q2 · CEO: +10.92012 Q3 · CEO: +24.62012 Q4 · CEO: +18.92013 Q2 · CEO: +13.82013 Q3 · CEO: +11.22013 Q4 · CEO: +15.12014 Q1 · CEO: +18.02014 Q2 · CEO: +16.52014 Q3 · CEO: +14.62014 Q4 · CEO: +18.22015 Q1 · CEO: +18.32015 Q2 · CEO: +17.62015 Q3 · CEO: +22.22015 Q4 · CEO: +12.12016 Q1 · CEO: +13.52016 Q2 · CEO: +12.02016 Q3 · CEO: +10.12016 Q4 · CEO: +14.32017 Q1 · CEO: +19.32017 Q2 · CEO: +13.92017 Q3 · CEO: +14.62017 Q4 · CEO: +14.82018 Q1 · CEO: +16.12018 Q2 · CEO: +14.02018 Q3 · CEO: +12.22018 Q4 · CEO: +23.22019 Q1 · CEO: +18.82019 Q2 · CEO: +14.52019 Q3 · CEO: +22.12019 Q4 · CEO: +19.82020 Q1 · CEO: +12.82020 Q2 · CEO: +23.92020 Q3 · CEO: +25.02020 Q4 · CEO: +26.12021 Q1 · CEO: +18.82021 Q2 · CEO: +16.32021 Q3 · CEO: +4.42021 Q4 · CEO: +12.02022 Q1 · CEO: +18.22022 Q2 · CEO: +24.62022 Q3 · CEO: +24.92022 Q4 · CEO: +18.72023 Q1 · CEO: +11.22023 Q2 · CEO: +18.32023 Q3 · CEO: +18.02023 Q4 · CEO: +20.92024 Q1 · CEO: +16.32024 Q2 · CEO: +14.42024 Q3 · CEO: +17.92024 Q4 · CEO: +15.82025 Q1 · CEO: +24.82012 Q1 · CFO: +6.72012 Q2 · CFO: +11.12012 Q4 · CFO: +8.82013 Q1 · CFO: +6.72013 Q2 · CFO: +14.52013 Q3 · CFO: +11.32013 Q4 · CFO: +9.32014 Q1 · CFO: +14.22014 Q2 · CFO: +7.92014 Q3 · CFO: +12.82014 Q4 · CFO: +21.32015 Q1 · CFO: +11.32015 Q2 · CFO: +14.32015 Q3 · CFO: +3.72015 Q4 · CFO: +5.62016 Q1 · CFO: +20.02016 Q2 · CFO: +11.42016 Q3 · CFO: +4.82016 Q4 · CFO: +11.02017 Q1 · CFO: +29.82017 Q2 · CFO: +19.12017 Q3 · CFO: +10.02017 Q4 · CFO: +12.92018 Q1 · CFO: -4.92018 Q2 · CFO: +3.02018 Q3 · CFO: +6.22018 Q4 · CFO: +6.32019 Q1 · CFO: +13.02019 Q2 · CFO: +7.92019 Q3 · CFO: +11.82019 Q4 · CFO: +19.92020 Q1 · CFO: +3.42020 Q2 · CFO: +16.42020 Q3 · CFO: +24.32020 Q4 · CFO: +19.92021 Q1 · CFO: +19.42021 Q2 · CFO: +19.52021 Q3 · CFO: +4.32021 Q4 · CFO: +10.42022 Q1 · CFO: +17.52022 Q2 · CFO: +17.82022 Q3 · CFO: +18.22022 Q4 · CFO: +9.42023 Q1 · CFO: +8.82023 Q2 · CFO: +18.32023 Q3 · CFO: +11.72023 Q4 · CFO: +10.22024 Q1 · CFO: +11.12024 Q2 · CFO: +14.62024 Q3 · CFO: +10.52025 Q1 · CFO: +7.9
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-32-16+0+16+322012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22012 Q1 · Prepared remarks: +16.42012 Q2 · Prepared remarks: +13.72012 Q3 · Prepared remarks: +19.62012 Q4 · Prepared remarks: +13.22013 Q1 · Prepared remarks: +20.52013 Q2 · Prepared remarks: +20.52013 Q3 · Prepared remarks: +19.42013 Q4 · Prepared remarks: +17.62014 Q1 · Prepared remarks: +21.02014 Q2 · Prepared remarks: +18.22014 Q3 · Prepared remarks: +17.62014 Q4 · Prepared remarks: +20.62015 Q1 · Prepared remarks: +20.92015 Q2 · Prepared remarks: +23.72015 Q3 · Prepared remarks: +23.12015 Q4 · Prepared remarks: +14.02016 Q1 · Prepared remarks: +23.02016 Q2 · Prepared remarks: +17.52016 Q3 · Prepared remarks: +17.32016 Q4 · Prepared remarks: +23.02017 Q1 · Prepared remarks: +27.82017 Q2 · Prepared remarks: +20.62017 Q3 · Prepared remarks: +18.72017 Q4 · Prepared remarks: +23.42018 Q1 · Prepared remarks: +16.52018 Q2 · Prepared remarks: +17.72018 Q3 · Prepared remarks: +18.52018 Q4 · Prepared remarks: +21.52019 Q1 · Prepared remarks: +22.92019 Q2 · Prepared remarks: +16.42019 Q3 · Prepared remarks: +25.32019 Q4 · Prepared remarks: +25.52020 Q1 · Prepared remarks: +18.52020 Q2 · Prepared remarks: +21.82020 Q3 · Prepared remarks: +26.82020 Q4 · Prepared remarks: +27.32021 Q1 · Prepared remarks: +25.32021 Q2 · Prepared remarks: +22.22021 Q3 · Prepared remarks: +19.32021 Q4 · Prepared remarks: +15.42022 Q1 · Prepared remarks: +17.72022 Q2 · Prepared remarks: +27.62022 Q3 · Prepared remarks: +23.02022 Q4 · Prepared remarks: +20.92023 Q1 · Prepared remarks: +13.62023 Q2 · Prepared remarks: +20.32023 Q3 · Prepared remarks: +17.22023 Q4 · Prepared remarks: +15.32024 Q1 · Prepared remarks: +15.02024 Q2 · Prepared remarks: +14.62024 Q3 · Prepared remarks: +15.82024 Q4 · Prepared remarks: +15.72025 Q1 · Prepared remarks: +16.32012 Q1 · Q&A responses: +6.92012 Q2 · Q&A responses: +7.62012 Q3 · Q&A responses: +13.42012 Q4 · Q&A responses: +14.52013 Q1 · Q&A responses: +10.92013 Q2 · Q&A responses: +8.82013 Q3 · Q&A responses: +4.02013 Q4 · Q&A responses: +9.02014 Q1 · Q&A responses: +11.72014 Q2 · Q&A responses: +7.62014 Q3 · Q&A responses: +12.72014 Q4 · Q&A responses: +16.82015 Q1 · Q&A responses: +10.62015 Q2 · Q&A responses: +12.22015 Q3 · Q&A responses: +11.42015 Q4 · Q&A responses: +6.22016 Q1 · Q&A responses: +5.82016 Q2 · Q&A responses: +7.92016 Q3 · Q&A responses: +5.62016 Q4 · Q&A responses: +6.52017 Q1 · Q&A responses: +16.02017 Q2 · Q&A responses: +11.12017 Q3 · Q&A responses: +8.92017 Q4 · Q&A responses: +6.92018 Q1 · Q&A responses: +8.02018 Q2 · Q&A responses: +5.82018 Q3 · Q&A responses: +3.42018 Q4 · Q&A responses: +18.22019 Q1 · Q&A responses: +11.62019 Q2 · Q&A responses: +10.22019 Q3 · Q&A responses: +17.02019 Q4 · Q&A responses: +14.92020 Q1 · Q&A responses: +12.22020 Q2 · Q&A responses: +12.82020 Q3 · Q&A responses: +18.42020 Q4 · Q&A responses: +16.22021 Q1 · Q&A responses: +12.22021 Q2 · Q&A responses: +12.52021 Q3 · Q&A responses: +2.92021 Q4 · Q&A responses: +8.32022 Q1 · Q&A responses: +15.12022 Q2 · Q&A responses: +14.52022 Q3 · Q&A responses: +16.92022 Q4 · Q&A responses: +1.82023 Q1 · Q&A responses: +8.22023 Q2 · Q&A responses: +15.52023 Q3 · Q&A responses: +13.52023 Q4 · Q&A responses: +15.52024 Q1 · Q&A responses: +13.02024 Q2 · Q&A responses: +11.62024 Q3 · Q&A responses: +10.72024 Q4 · Q&A responses: +14.72025 Q1 · Q&A responses: +17.3
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.07$5.75$10.442012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22014 Q1: $1.722014 Q2: $1.772014 Q3: $1.832014 Q4: $1.892015 Q1: $1.962015 Q2: $2.022015 Q3: $2.092015 Q4: $2.162016 Q1: $2.262016 Q2: $2.352016 Q3: $2.422016 Q4: $2.492017 Q1: $2.632017 Q2: $2.712017 Q3: $2.812017 Q4: $2.872018 Q1: $3.222018 Q2: $3.322018 Q3: $3.422018 Q4: $3.512019 Q1: $3.582019 Q2: $3.682019 Q3: $4.592019 Q4: $4.962020 Q1: $5.172020 Q2: $4.872020 Q3: $5.142020 Q4: $5.412021 Q1: $5.662021 Q2: $5.932021 Q3: $6.292021 Q4: $6.472022 Q1: $6.702022 Q2: $6.952022 Q3: $7.192022 Q4: $7.312023 Q1: $7.592023 Q2: $7.882023 Q3: $8.272023 Q4: $8.582024 Q1: $8.972024 Q2: $9.402024 Q3: $9.79

Forward P/E

12.2618.8125.362012 Q12013 Q42015 Q32017 Q22019 Q12020 Q42022 Q32024 Q22014 Q1: 16.922014 Q2: 17.002014 Q3: 17.802014 Q4: 18.532015 Q1: 20.392015 Q2: 19.982015 Q3: 20.892015 Q4: 21.682016 Q1: 22.112016 Q2: 22.502016 Q3: 20.312016 Q4: 21.292017 Q1: 22.392017 Q2: 22.952017 Q3: 22.102017 Q4: 22.792018 Q1: 22.922018 Q2: 22.852018 Q3: 23.192018 Q4: 20.752019 Q1: 24.082019 Q2: 24.462019 Q3: 22.722019 Q4: 23.362020 Q1: 15.652020 Q2: 21.202020 Q3: 19.892020 Q4: 21.102021 Q1: 21.822021 Q2: 18.232021 Q3: 17.242021 Q4: 16.022022 Q1: 14.682022 Q2: 13.162022 Q3: 14.732022 Q4: 13.942023 Q1: 14.392023 Q2: 15.222023 Q3: 14.662023 Q4: 15.762024 Q1: 16.832024 Q2: 15.892024 Q3: 17.89

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q4 tone ↓ -6.2 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -3.2 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -7.4 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.2 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -2.8 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -2.7 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -4.3 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +2.1 fwd EPS ↓ -0.31 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -5.0 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -16.7 fwd EPS ↑ +0.35 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -6.3 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -2.8 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -2.7 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+15.5——View →
2024 Q42025-02-05+13.7——View →
2024 Q32024-10-22+13.0$9.7917.9View →
2024 Q22024-07-24+12.5$9.4015.9View →
2024 Q12024-04-23+14.0$8.9716.8View →
2023 Q42024-02-06+14.5$8.5815.8View →
2023 Q32023-10-26+14.6$8.2714.7View →
2023 Q22023-07-27+17.2$7.8815.2View →