Visa Inc. (NYSE:V) is reporting fourth quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.10 per share.
For the full year, analysts predict revenues of $ 21750.30 million, while looking forward to income of $ 5.02 per share.
Previous Quarter Performance
Visa Inc. revealed income for the third quarter of $ 1.06 per share, from the revenue of $ 4,837.00 million. The quarterly earnings decreased 22.63 percent while revenues down 17.17 percent compared with the same quarter last year.
Wall street analysts are predicting, V to report 3Q20 income of $ 1.03 per share from revenue of $ 4824.66 million. The bottom line results beat street analysts by $ 0.03 or 2.91 percent, at the same time, top line results outshined analysts by $ 12.34 million or 0.26 percent.
Stock Performance
Shares of Visa Inc. traded low $ -3.01 or -1.56 percent on Tuesday, reaching $ 190.06 with volume of 8.44 million shares. Visa Inc. has traded high as $ 193.70 and has cracked $ 189.22 on the downward trend
According to the previous trading day, closing price of $ 190.06, representing a 44.16 % increase from the 52 week low of $ 133.93 and a 11.17 % decrease over the 52 week high of $ 217.35.
The company has a market capital of $ 417.27 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 2nd October 2020, maintained by Jefferies Financial Group at Hold rating, with $ 205.00 target price.
- On 21st September 2020, maintained by KeyBanc at Overweight rating, with $ 230.00 target price.
Conference Call
Visa Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 4Q20 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.
