Earnings Beat On The Cards For Visa?

Earnings Beat On The Cards For Visa?

Share to Linkedin Visa logo is seen on a credit card in this illustration photo taken in Poland on December 7, 2020. ... [+] (Photo by Jakub Porzycki/NurPhoto via Getty Images) Visa (NYSE: V) is scheduled to report its fiscal Q2 2021 results after the market closes on Tuesday, April 27. We expect Visa to beat the consensus estimates for revenues and earnings. Visa, the world's largest electronic payment solutions company, has outperformed the consensus estimates in each of the last three quarters. However, its top and bottom line have suffered on a year-on-year basis. Over recent quarters, the company's revenues were hurt by lower cross-border volumes and a decline in the growth rate of payments volume & processed transactions. We expect the same trend to drive the second-quarter FY2021 results, too (Note: Visa reports results on a fiscal year ending September 30). Our forecast indicates that Visa's valuation is $242 per share, above the current market price of ~$230. Look at our interactive dashboard analysis on Visa's pre-earnings for additional details. (1) Revenues expected to beat the consensus estimates in Q2 While travel restrictions related to Covid-19 are still in place, as more people are vaccinated, travel bans are