On Nov 22, 2016, we issued an updated research report on Visa Inc. (V - Free Report) . This San Francisco, CA-based payment network giant’s latest quarterly results continued to depict strength in several areas, including solid revenue growth momentum.
Visa closed fiscal 2016 (ended Sep 30) with robust performance despite a challenging revenue environment amid volatile oil and commodity prices, strong dollar and concerns over the economic slowdown in China.
For fiscal 2016, adjusted earnings per share (EPS) of $2.84 increased 8% year over year. Revenues grew 9% year over year to $15.1 billion. The company witnessed continued growth in service revenues, driven by higher nominal payments volume, while overall growth in processed transactions led to increased data processing revenues. Also, international transaction revenues climbed on the back of cross-border volume growth.
Shares of Visa have gained around 3% in the past three months.
VISA INC-A Price
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
On Nov 22, 2016, we issued an updated research report on Visa Inc. (V - Free Report) . This San Francisco, CA-based payment network giant’s latest quarterly results continued to depict strength in several areas, including solid revenue growth momentum.
Visa closed fiscal 2016 (ended Sep 30) with robust performance despite a challenging revenue environment amid volatile oil and commodity prices, strong dollar and concerns over the economic slowdown in China.
For fiscal 2016, adjusted earnings per share (EPS) of $2.84 increased 8% year over year. Revenues grew 9% year over year to $15.1 billion. The company witnessed continued growth in service revenues, driven by higher nominal payments volume, while overall growth in processed transactions led to increased data processing revenues. Also, international transaction revenues climbed on the back of cross-border volume growth.
Shares of Visa have gained around 3% in the past three months.
VISA INC-A Price
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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