Visa (V) is expected to report Q3 earnings after market close Wednesday, July 30, with a conference call scheduled for Wednesday, July 30 at 5:00 p.m. ET.
Guidance
Analysts are looking for EPS of 48c on revenue of $1.55B. The consensus range for EPS is 42c to 54c, while the consensus range for revenue is $1.50B to $1.63B, according to First Call.
Analyst Views
Several research firms recently issued bullish notes on Visa. J.P. Morgan recently previewed Visa's results by predicting that the credit card company's pricing initiatives on U.S. crossborder transactions will more than offset its slower growth within the U.S. The firm recommends buying the shares before the company releases its results and they maintained their Overweight rating.
Meanwhile, Keybanc initiated Visa with a Buy rating and a $94 target. KeyBanc believes Visa has several significant strengths including its recurring revenue model, significant pricing power, lack of consumer credit risk, and its operating leverage.
Finally, UBS reported that their checks suggested that Visa would continue to grow while enjoying higher than expected margins. The firm's checks indicated that Visa's volumes stayed robust last month, and the firm is bullish on the company because they anticipate that it will report stronger than expected results. Moody's last month assigned Visa an A1 issuer credit rating, with a stable outlook.
