Visa Inc. (NYSE:V) is reporting third quarter earnings results on Tuesday 28th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.03 per share.
For the full year, analysts predict revenues of $ 21941.10 million, while looking forward to income of $ 5.02 per share.
Previous Quarter Performance
Visa Inc. announced income for the second quarter of $ 1.39 per share, from the revenue of $ 5,854.00 million. The quarterly earnings grew 6.11 percent compared with the same quarter last year. Wall street analysts are predicting, V to report 2Q20 income of $ 1.35 per share from revenue of $ 5770.91 million. The bottom line results beat street analysts by $ 0.04 or 2.96 percent, at the same time, top line results outshined analysts by $ 83.09 million or 1.44 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of V was $ 196.91, representing a 47.02 % increase from the 52 week low of $ 133.93 and a 8.06 % decrease over the 52 week high of $ 214.17.
The company has a market capital of $ 432.53 billion and is part of the Financial Services sector and Credit Services industry.
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Recent Analyst recommendations
- On 14th July 2020, initiated by Goldman Sachs Group at Buy rating, with $ 223.00 target price.
- On 17th June 2020, maintained by Citigroup at Buy rating, with $ 223.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.30 per share on April 22, 2020. The dividend were payable on June 2, 2020 to holders of record as of the close of business on May 14, 2020 and ex-dividend date on May 13, 2020.
Conference Call
Visa Inc. will be hosting a conference call at 5:00 PM eastern time on 28th July 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website usa.visa.com
Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.
