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Visa (V - Free Report) ended the recent trading session at $332.23, demonstrating a +1.14% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
Heading into today, shares of the global payments processor had gained 0.61% over the past month, outpacing the Business Services sector's loss of 2.53% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Visa in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.21, reflecting a 7.72% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $11.35 billion, indicating a 11.59% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $13.09 per share and revenue of $45.35 billion, which would represent changes of +14.12% and +13.38%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Visa. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0% rise in the Zacks Consensus EPS estimate. Visa is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Visa is presently trading at a Forward P/E ratio of 25.09. This denotes a premium relative to the industry average Forward P/E of 10.21.
It is also worth noting that V currently has a PEG ratio of 1.75. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Financial Transaction Services industry currently had an average PEG ratio of 0.75 as of yesterday's close.
The Financial Transaction Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why the Market Dipped But Visa (V) Gained Today
Visa (V - Free Report) ended the recent trading session at $332.23, demonstrating a +1.14% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
Heading into today, shares of the global payments processor had gained 0.61% over the past month, outpacing the Business Services sector's loss of 2.53% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Visa in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.21, reflecting a 7.72% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $11.35 billion, indicating a 11.59% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $13.09 per share and revenue of $45.35 billion, which would represent changes of +14.12% and +13.38%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Visa. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0% rise in the Zacks Consensus EPS estimate. Visa is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Visa is presently trading at a Forward P/E ratio of 25.09. This denotes a premium relative to the industry average Forward P/E of 10.21.
It is also worth noting that V currently has a PEG ratio of 1.75. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Financial Transaction Services industry currently had an average PEG ratio of 0.75 as of yesterday's close.
The Financial Transaction Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.