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) Q2 Earnings Beat Estimates on Higher Volumes
Read MoreHide Full Article
Have you been eager to see how Mastercard Inc. (MA - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this leading financial services company’s earnings release this morning.
An Earnings Beat
Mastercard came out with adjusted earnings per share of $1.10 beating the Zacks Consensus Estimate of $1.04.
Better-than-expected earnings were primarily due to higher switched transactions, increase in cross border volume and the gains from Vocalink acquisition, partly offset by increase in rebates and incentives.
How Was the Estimate Revision Trend?
The earnings estimate revisions for Mastercard did not show any change prior to the earnings release. But the same has increased 0.2% over the past 30 days.
Before posting earnings beat in Q2, the company delivered positive surprises in each of the last four quarters.
As a result, the company overall surpassed the Zacks Consensus Estimate by an average of 6.2% in the trailing four quarters.
Revenue Surpass Estimates
Mastercardrevenues of $3.1 billion, exceeded the Zacks Consensus Estimate of $2.98 billion. The reported figure was up 13% year-over-year.
Key Stats to Note
The company reported a 9% year-over-year increase in gross dollar volume to $1.3 trillion.
The company also witnessed an increase of 14% in cross-border volumes on a local currency basis.
Adjusted operating expenses increased 16% year over year to $1.4 billion. Tax rate in the reported quarter was 27.7% down 20 basis points year-over-year.
Check back later for our full write up on this Mastercard earnings report!
More Stock News: Tech Opportunity Worth $386 Billion in 2017 From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Mastercard (MA) Q2 Earnings Beat Estimates on Higher Volumes
Have you been eager to see how Mastercard Inc. (MA - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this leading financial services company’s earnings release this morning.
An Earnings Beat
Mastercard came out with adjusted earnings per share of $1.10 beating the Zacks Consensus Estimate of $1.04.
Better-than-expected earnings were primarily due to higher switched transactions, increase in cross border volume and the gains from Vocalink acquisition, partly offset by increase in rebates and incentives.
How Was the Estimate Revision Trend?
The earnings estimate revisions for Mastercard did not show any change prior to the earnings release. But the same has increased 0.2% over the past 30 days.
Before posting earnings beat in Q2, the company delivered positive surprises in each of the last four quarters.
As a result, the company overall surpassed the Zacks Consensus Estimate by an average of 6.2% in the trailing four quarters.
Revenue Surpass Estimates
Mastercardrevenues of $3.1 billion, exceeded the Zacks Consensus Estimate of $2.98 billion. The reported figure was up 13% year-over-year.
Key Stats to Note
The company reported a 9% year-over-year increase in gross dollar volume to $1.3 trillion.
The company also witnessed an increase of 14% in cross-border volumes on a local currency basis.
Adjusted operating expenses increased 16% year over year to $1.4 billion.
Tax rate in the reported quarter was 27.7% down 20 basis points year-over-year.
Mastercard Incorporated Price and EPS Surprise
Mastercard Incorporated Price and EPS Surprise | Mastercard Incorporated Quote
What Zacks Rank Says
Mastercard carries a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here)
Check back later for our full write up on this Mastercard earnings report!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>