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Visa (V) Gains As Market Dips: What You Should Know
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Visa (V - Free Report) closed at $350.48 in the latest trading session, marking a +2.15% move from the prior day. This change outpaced the S&P 500's 0.22% loss on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.66%.
The global payments processor's shares have seen an increase of 8.12% over the last month, surpassing the Business Services sector's gain of 0.47% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Visa will be of great interest to investors. On that day, Visa is projected to report earnings of $3.22 per share, which would represent year-over-year growth of 8.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.35 billion, up 11.59% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.09 per share and a revenue of $45.35 billion, indicating changes of +14.12% and +13.38%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Visa. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0% higher. Visa is currently a Zacks Rank #2 (Buy).
With respect to valuation, Visa is currently being traded at a Forward P/E ratio of 26.2. This signifies a premium in comparison to the average Forward P/E of 10.09 for its industry.
We can additionally observe that V currently boasts a PEG ratio of 1.83. 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 was holding an average PEG ratio of 0.78 at yesterday's closing price.
The Financial Transaction Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Visa (V) Gains As Market Dips: What You Should Know
Visa (V - Free Report) closed at $350.48 in the latest trading session, marking a +2.15% move from the prior day. This change outpaced the S&P 500's 0.22% loss on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 0.66%.
The global payments processor's shares have seen an increase of 8.12% over the last month, surpassing the Business Services sector's gain of 0.47% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Visa will be of great interest to investors. On that day, Visa is projected to report earnings of $3.22 per share, which would represent year-over-year growth of 8.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.35 billion, up 11.59% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.09 per share and a revenue of $45.35 billion, indicating changes of +14.12% and +13.38%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Visa. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0% higher. Visa is currently a Zacks Rank #2 (Buy).
With respect to valuation, Visa is currently being traded at a Forward P/E ratio of 26.2. This signifies a premium in comparison to the average Forward P/E of 10.09 for its industry.
We can additionally observe that V currently boasts a PEG ratio of 1.83. 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 was holding an average PEG ratio of 0.78 at yesterday's closing price.
The Financial Transaction Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.