Vais Bargoroth wrote a post · Apr 26, 2023 15:14

Visa (V) Q2 Earnings and Revenues Beat Estimates

Visa $Visa (V.US)$, a global payments processor, exceeded analysts' expectations with its quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $1.97 per share - representing an earnings surprise of 6.09%.

The company also reported revenues of $7.99 billion for the quarter, up from $7.19 billion in the previous year and beating the Zacks Consensus Estimate by 3.01%. Visa has surpassed consensus EPS estimates four times in the last four quarters. Its shares have risen by about 12% since the start of the year, compared to the S&P 500' $S&P 500 Index (.SPX.US)$s gain of 7.8%.

The current consensus EPS estimate is $2.09 on $8.03 billion in revenues for the coming quarter and $8.44 on $32.27 billion in revenues for the current fiscal year. It is worth noting that the outlook for the financial transaction services industry can impact the stock's performance.

Visa has outperformed the market so far this year, but now comes the question - what’s next?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.

According to current estimates, the earnings per share (EPS) for the next quarter is expected to be $2.09, and the revenue is expected to be $8.03 billion. For the current fiscal year, the estimated EPS is $8.44, and the revenue is estimated to be $32.27 billion.

FleetCor Technologies is another stock in the same industry that has yet to report results for the quarter ended March 2023. It is expected to post quarterly earnings of $3.69 per share, representing a year-over-year change of +1.1%, and revenues of $881.34 million, up 11.7% from the previous year.

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Vais Bargoroth

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