Visa Stock ( NYSE:V )
Visa Inc. ( NYSE:V ) financial results for the first quarter of the fiscal year 2023 are scheduled to be revealed on January 26, 2023, after the closing bell. It is anticipated that Visa will continue its record of beating expectations for earnings.
The continued growth in payment volume, cross-border volume, and processed transactions helped the payments technology company beat the Consensus Estimate for its adjusted earnings per share in the most recent quarter, which came in at $1.93. This was primarily due to the company’s ability to process more transactions. Additionally, spending on travel and entertainment was higher when compared to the same period the previous year. However, increasing operational costs cancel out the positives of the situation.
While the Dow Jones dropped 2% in the past year, Visa stock did pretty well, with a return close to 12%.
Now that we are getting closer to the earnings report for the first quarter of the fiscal year 2023, let’s look at how things currently stand.
Estimate Revision Trend
The Consensus Estimate for earnings per share in the first quarter of fiscal 2023 is currently set at $2. Over the past week, there has been one upward revision and one downward shift. The estimate suggests that there was a 10.5% increase from the amount that was published the previous year. Our projection of $1.97 per share reflects a growth of 8.6% compared to the previous year. In the most recent four quarters, Visa delivered an average earnings beat of 8.3%, beating analyst...
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