Earnings Preview: What To Expect From Visa Today
Visa Inc. V is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $214.17/share in 2020 and is currently trading near $198/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Visa is expected to report earnings of $1.02/share on $4.76 billion in revenue. Meanwhile, the so-called Whisper number is $1.05. The Whisper number is the Street’s unofficial view on earnings.
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. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, as well as value-added services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brands. Visa Inc. has a strategic partnership with NovoPayment to enable financial institutions and merchants to deploy Visa’s digital solutions in Latin America and the Caribbean; and a strategic agreement with Intuit Inc. The company was founded in 1958 and is headquartered in San Francisco, California.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news.