Global payments technology company Visa (NYSE: V) will be reporting results this Tuesday after the bell. Here’s what to expect.
Visa beat analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $10.17 billion, up 14.3% year on year. It was a strong quarter for the company, with and .
Is Visa a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Visa’s revenue to grow 10.3% year on year to $10.61 billion, slowing from the 11.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.97 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Visa has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.2% on average.
Looking at Visa’s peers in the credit card segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Capital One delivered year-on-year revenue growth of 53.4%, beating analysts’ expectations by 2.2%, and Synchrony Financial reported flat revenue, topping estimates by 0.9%. Capital One traded up 1.5% following the results while Synchrony Financial was down 3.5%.
Read our full analysis of Capital One’s results here and Synchrony Financial’s results here.
Investors in the credit card segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. Visa is up 2.2% during the same time and is heading into earnings with an average analyst price target of $392.59 (compared to the current share price of $347.50).
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