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Mastercard (MA) Q2 Earnings and Revenues Beat Estimates
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Have you been eager to see how Mastercard Incorporated (MA - Free Report) , performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based financial services company.
An Earnings Beat
Mastercard reported adjusted earnings per share of $1.66 per share, beating the Zacks Consensus Estimate of $1.53. Earnings improved 48% year over year (on a currency neutral basis). Improved revenues drove the earnings upside.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Mastercard depicted optimism prior to the earnings release. The Zacks Consensus Estimate were revised up 0.2% in last seven days.
Mastercard has a solid earnings surprise history. The company surpassed the Zacks Consensus Estimate by an average of 8.89% in the trailing four quarters.
Mastercard’s revenues of $3.7 billion, surpassed the Zacks Consensus Estimate was $3.66 billion. The same was up 18% year over year (on a currency neutral basis).
Key Takeaways
Total adjusted operating expenses increased 6% to $1.6.5 billion. Operating margin expanded 470 basis points to 59%.
Gross dollar volume increased 14% while cross-border volumes were up 19% on a local currency basis.
The company’s margins gained from a lower tax rate of 18.3% in the second quarter compared with 27.7% in the year ago quarter.
As of Jun 30, 2018, the company’s customers had issued 2.4 billion Mastercard and Maestro-branded cards, adjusted for the impact of the Venezuela deconsolidation.
What Zacks Rank Says
Mastercard carries a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts. 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!
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
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Mastercard (MA) Q2 Earnings and Revenues Beat Estimates
Have you been eager to see how Mastercard Incorporated (MA - Free Report) , performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based financial services company.
An Earnings Beat
Mastercard reported adjusted earnings per share of $1.66 per share, beating the Zacks Consensus Estimate of $1.53. Earnings improved 48% year over year (on a currency neutral basis). Improved revenues drove the earnings upside.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Mastercard depicted optimism prior to the earnings release. The Zacks Consensus Estimate were revised up 0.2% in last seven days.
Mastercard has a solid earnings surprise history. The company surpassed the Zacks Consensus Estimate by an average of 8.89% in the trailing four quarters.
Mastercard Incorporated Price and EPS Surprise
Mastercard Incorporated Price and EPS Surprise | Mastercard Incorporated Quote
Revenues Beat
Mastercard’s revenues of $3.7 billion, surpassed the Zacks Consensus Estimate was $3.66 billion. The same was up 18% year over year (on a currency neutral basis).
Key Takeaways
Total adjusted operating expenses increased 6% to $1.6.5 billion. Operating margin expanded 470 basis points to 59%.
Gross dollar volume increased 14% while cross-border volumes were up 19% on a local currency basis.
The company’s margins gained from a lower tax rate of 18.3% in the second quarter compared with 27.7% in the year ago quarter.
As of Jun 30, 2018, the company’s customers had issued 2.4 billion Mastercard and Maestro-branded cards, adjusted for the impact of the Venezuela deconsolidation.
What Zacks Rank Says
Mastercard carries a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts. 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!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>