Visa shares closed at $375.28, up 1.3% and outperforming a session in which the S&P 500 fell 0.48%, the Dow lost 0.29% and the Nasdaq dropped 0.56%. Ahead of the payments processor's upcoming results, the consensus estimate projects earnings per share of $3.43, a 15.1% increase from the same quarter last year, on revenue of $12.07 billion, up 12.56%. For the full year, Zacks Consensus Estimates project earnings of $13.16 per share and revenue of $45.83 billion, representing changes of +14.73% and +14.58% respectively from the prior year. Over the past 30 days the consensus EPS projection has moved 0.05% higher, and Visa currently carries a Zacks Rank of #3 (Hold). The stock trades at a forward P/E of 28.15, a premium to the industry average of 13.14, with a PEG ratio of 1.98 versus an average of 0.86 for the Financial Transaction Services industry.
Visa Inc. Class AAnalysts project $3.43 quarterly EPS (+15.1% YoY) and full-year estimates of $13.16, with Visa carrying a Zacks Rank #3 (Hold).
