Analysts see Visa earnings rising as sales forecasts climb
Zacks’ estimates point to year-over-year growth in Visa earnings and revenue, while its latest quarterly results topped consensus forecasts.
Key takeaways
- Zacks’ current-quarter EPS estimate for Visa is $3.43, up 15.1% year over year.
- The current-quarter revenue consensus is $12.08 billion, a 12.6% year-over-year increase.
- Visa beat consensus revenue and EPS estimates in each of the past four quarters.
Visa shares returned 3.7% over the past month, compared with a 2.1% gain for the Zacks S&P 500 composite and a 3% rise for the Zacks Financial Transaction Services industry, according to Zacks Equity Research.
Zacks’ consensus estimate puts Visa’s current-quarter earnings at $3.43 per share, up 15.1% from a year earlier. The estimate slipped 0.1% over the past 30 days.
For the current fiscal year, analysts’ consensus earnings estimate is $13.22 per share, up 15.3% year over year. The estimate for the next fiscal year is $14.98 per share, a 13.3% increase; both figures were unchanged over the past month.
Revenue estimates also point to growth. Zacks puts current-quarter sales at $12.08 billion, up 12.6% year over year, and estimates revenue of $45.84 billion for the current fiscal year and $50.62 billion for the next.
In its last reported quarter, Visa recorded $11.63 billion in revenue and earnings of $3.32 per share. Zacks said those results exceeded consensus estimates, and that Visa beat revenue and earnings forecasts in each of the past four quarters.
This article was produced with the help of AI technology. Source: Yahoo Finance
