Visa Stock Near All-Time High Ahead Of Earnings; Mastercard Due Later

Visa (V) will report third-quarter earnings late Tuesday, amid a recovering economy and as the company launches new products and services. Meanwhile, rival Mastercard (MA) reports second-quarter results early Thursday. Both Visa stock and Mastercard stock were down Tuesday midday.


The results come after American Express (AXP) last week crushed Q2 earnings estimates, as payment volumes in the U.S. pick up amid an economic recovery.

Visa Earnings, Visa Stock

Estimates: FactSet consensus is for EPS to grow 26% from the year-ago quarter to $1.34. Sales are seen climbing 26% to $5.86 billion.

Results: Check back later.

On July 13, Visa announced it was teaming up with payment processor Global Payments (GPN) and Desjardins, North America’s leading financial cooperative group, to bring Visa Installments to participating Canadian merchants and eligible credit card holders. Visa stock rose on the announcement.

Visa Installments is a new option to convert qualifying purchases into smaller, equal payments made over a defined period of time using an eligible credit card. Canadian merchants will be among the first globally to enjoy the benefits of Visa Installments.

On July 6, Visa teamed up with financial tech company BlockFi to launch a 2% Bitcoin rewards credit card to U.S.-based residents.

Stock: Visa stock dipped 0.2% to 249.81 on the stock market today after setting a record high of 252.67 intraday. Shares are just about 5% above its 237.60 buy point from a flat base, which makes the stock extended, according to MarketSmith chart analysis. Visa’s relative strength line is trending upward. Its RS Rating is 71 out of a possible 99, while its EPS Rating is 68.

Mastercard Earnings

Estimates: Analysts see EPS rising 28% to $1.74 year over year. Revenue is expected to increase 31% to $4.37 billion, according to FactSet.

Results: Check back early Thursday.

Stock: Mastercard stock slipped 0.2% to 391.94. MA stock is nearing a 401.60 buy point from a cup base. Its relative strength line is ticking up. Mastercard’s RS Rating is 60 and its EPS Rating is 65.

Mastercard announced Tuesday a new Start Path global startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies.

Seven startups have joined the program, including Singapore-based Mintable, a non-fungible token (NFT) marketplace where users can create, buy and sell digital and physical assets backed by the blockchain, such as digital collectibles, avant-garde artwork and music.

Follow Adelia Cellini Linecker on Twitter @IBD_Adelia.


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