Photo credit: Mohamed Hassan
Visa, Inc. is scheduled to release their FQ3’18 earnings today, July 25th, after the market closes. The Estimize consensus predicts an earnings-per-share (EPS) of $1.13, which is more bullish than Wall Street’s estimate of $1.09. Estimize is more accurate than Wall Street 85% of the time in predicting Visa’s EPS. Estimize projects a revenue of $5.16B, which would show a 14% year-over-year growth. Wall Street estimates a revenue of $5.084B. Furthermore, Estimize provides an estimate for Visa’s Processed Transactions, which is set at approximately $31.686B.
(Click on image to enlarge)
(Click on image to enlarge)
Investors are expecting revenue growth from Visa for this quarter. Visa has been working to grow key business drivers such as increasing payments volume and cross-border transactions. The positive outlook on Visa is accredited to their strong market position and ever-growing core business. They have made many new deals, produced new acquisitions, and renewed agreements which have strengthened their solid position in the market.
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