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Visa (V) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2023, Visa (V - Free Report) reported revenue of $8.12 billion, up 11.7% over the same period last year. EPS came in at $2.16, compared to $1.98 in the year-ago quarter.
The reported revenue represents a surprise of +0.72% over the Zacks Consensus Estimate of $8.06 billion. With the consensus EPS estimate being $2.11, the EPS surprise was +2.37%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Visa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
End of Period Connections - Total transactions: 54034 million versus 52960.89 million estimated by five analysts on average.
Total volume: $3799 billion compared to the $3751.4 billion average estimate based on five analysts.
Total payments volume: $3166 billion versus $3132.1 billion estimated by four analysts on average.
Payments Volume - Europe: $608 billion versus the three-analyst average estimate of $578.9 billion.
Cash Volume - Europe: $132 billion versus the three-analyst average estimate of $119.4 billion.
Cash volume: $633 billion compared to the $577.1 billion average estimate based on three analysts.
Cash volume - CEMEA: $124 billion versus the three-analyst average estimate of $96.3 billion.
Revenues- Service revenues: $3.67 billion versus $3.64 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +15% change.
Revenues- Data processing revenues: $4.11 billion versus $3.97 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
Revenues- International transaction revenues: $2.92 billion versus the nine-analyst average estimate of $2.99 billion. The reported number represents a year-over-year change of +14.1%.
Revenues- Other revenues: $597 million versus the nine-analyst average estimate of $589.60 million. The reported number represents a year-over-year change of +15.5%.
Revenues- Client incentives: -$3.17 billion versus the eight-analyst average estimate of -$3.11 billion. The reported number represents a year-over-year change of +23.2%.
Shares of Visa have returned +6.4% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Visa (V) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Visa (V - Free Report) reported revenue of $8.12 billion, up 11.7% over the same period last year. EPS came in at $2.16, compared to $1.98 in the year-ago quarter.
The reported revenue represents a surprise of +0.72% over the Zacks Consensus Estimate of $8.06 billion. With the consensus EPS estimate being $2.11, the EPS surprise was +2.37%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Visa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- End of Period Connections - Total transactions: 54034 million versus 52960.89 million estimated by five analysts on average.
- Total volume: $3799 billion compared to the $3751.4 billion average estimate based on five analysts.
- Total payments volume: $3166 billion versus $3132.1 billion estimated by four analysts on average.
- Payments Volume - Europe: $608 billion versus the three-analyst average estimate of $578.9 billion.
- Cash Volume - Europe: $132 billion versus the three-analyst average estimate of $119.4 billion.
- Cash volume: $633 billion compared to the $577.1 billion average estimate based on three analysts.
- Cash volume - CEMEA: $124 billion versus the three-analyst average estimate of $96.3 billion.
- Revenues- Service revenues: $3.67 billion versus $3.64 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +15% change.
- Revenues- Data processing revenues: $4.11 billion versus $3.97 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
- Revenues- International transaction revenues: $2.92 billion versus the nine-analyst average estimate of $2.99 billion. The reported number represents a year-over-year change of +14.1%.
- Revenues- Other revenues: $597 million versus the nine-analyst average estimate of $589.60 million. The reported number represents a year-over-year change of +15.5%.
- Revenues- Client incentives: -$3.17 billion versus the eight-analyst average estimate of -$3.11 billion. The reported number represents a year-over-year change of +23.2%.
View all Key Company Metrics for Visa here>>>Shares of Visa have returned +6.4% over the past month versus the Zacks S&P 500 composite's +4.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.