Visa, Inc

Visa, Inc. (V) has yet to miss expectations since it first went public and analysts are rapidly raising estimates.

Company Description

Visa operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. The company facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.

Another Strong Quarter

Visa reported second-quarter results for fiscal 2009 on Apr 29. The report included earnings per share of 74 cents, topping the consensus estimate of 64 cents. Visa has beat expectations in all 5 announcements since the IPO in 2008.

Operating revenue grew 13% on a year-over-year basis to $1.6 billion. International growth drove revenue higher and made up for slightly negative growth domestically.

Double-Digit Growth

Full-year estimates for 2009 are now averaging $2.81, up from $2.61 over the past quarter. The consensus for 2010 is up 27 cents to $3.37.

Year-over-year earnings growth for this year will be 25% and 2010 will show another 20% if the projections are met.

The Chart

Shares of Visa were rising into the report and continued to surge after. Take a look at the chart below.

Read the full analyst report on V