We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MasterCard (MA) Beats on Q3 Earnings, Revenues Estimates
Read MoreHide Full Article
MasterCard Incorporated (MA - Free Report) , is one of the leading payment solution companies. Over 1 billion MasterCard-branded cards are currently in circulation, with total annual purchase volume of over $3 trillion.
It boasts of a well-established brand and extensive merchant-acceptance network.
The company has generated strong earnings growth in recent years driven by solid revenue growth led by growth in spending, shift toward spending on cards, pricing increases.
MasterCard has also been consistently expanding its geographic footprint, which has resulted in an increase in membership. This, in turn, is expected to boost the revenues of the company.
New global agreement wins and tie ups with regional banks in U.S. has also increased its client base.
Moreover, MasterCard enjoys ample competitive advantage and generates a healthy cash flow, which supports efficient capital deployment by generating incremental shareholder value.
MasterCard has a pretty good earnings track record with the company delivering positive earnings surprises in each of the last four quarters with an average surprise of 6.86%.
Currently, MasterCard has a Zacks Rank #2 (Buy). But that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MasterCard beats on earnings. Our consensus called for EPS of 98 cents, and the company reported EPS of $1.08 per share and was up 19% year over year, excluding special items.
Revenue: Revenues surpassed our estimate. Our consensus called for revenues of $2.74 billion, and the company reported revenues of $2.9 billion.
Key Stats to Note: The company reported an increase in cross border volumes of 12%, processed transactions increased 18% to $14.5 billion. Worldwide purchase volume during the quarter was up 9% on a local currency basis.
Total operating expenses were $1.2 billion up 5% year over year.
MasterCard’s effective tax rate was 27.5% in reported quarter , versus a rate of 27.7% in the year ago quarter.
Check back later for our full write up on this MA earnings report later!
Check back later for our full write up on this MA earnings report later!
Check back later for our full write up on this MA earnings report later!
Check back later for our full write up on this MA earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Check back later for our full write up on this MA earnings report later!
Check back later for our full write up on this MA earnings report later!
Check back later for our full write up on this MA earnings report later!
Check back later for our full write up on this MA earnings report later!
Check back later for our full write up on this MA earnings report later!
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
MasterCard (MA) Beats on Q3 Earnings, Revenues Estimates
MASTERCARD INC Price and EPS Surprise
MASTERCARD INC Price and EPS Surprise | MASTERCARD INC Quote
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>