Visa Inc (NYSE:V)
Information Technology - IT Services
Visa, Inc. is scheduled to release their FQ3’18 earnings today, July 25th, after the market closes. The Estimize consensus predicts an earnings-per-share (EPS) of $1.13, which is more bullish than Wall Street’s estimate of $1.09. Estimize is more accurate than Wall Street 85% of the time in predicting Visa’s EPS. Estimize projects a revenue of $5.16B, which would show 14% year-over-year growth. Wall Street estimates a revenue of $5.084B. Furthermore, Estimize provides an estimate for Visa’s Processed Transactions, which is set at approximately $31.686B.
Investors are expecting revenue growth from Visa for this quarter. Visa has been working to grow key business drivers such as increasing payments volume and cross-border transactions. The positive outlook on Visa is accredited to their strong market position and ever-growing core business. They have made many new deals, produced new acquisitions, and renewed agreements which have strengthened their solid position in the market.