Visa Inc (NYSE:V)., widely considered a safe haven stock, is set to release its fiscal fourth-quarter report and yearly outlook after the closing bell today, Tuesday. This comes in an environment of uncertain consumer spending, prompting analysts and Wall Street to anticipate a cautious forecast.
Barclays analyst Ramsey El-Assal is among those predicting a guarded outlook. Despite this, FactSet analysts are expecting a significant increase in earnings per share (EPS) for the September quarter, with predictions of a rise from $1.93 to $2.25. Revenue is also forecasted to jump from $7.79 billion to $8.56 billion.
According to InvestingPro Data, Visa has a market cap of $476.7B and a P/E ratio of 29.78, which is high relative to near-term earnings growth. The company's revenue for the last twelve months is $31.83B, with a growth rate of 13.35%. This suggests that while Visa's growth may be slowing, it's still in a strong position.
While Visa's stock has experienced slight dips following its last two earnings reports, the overall movement indicates an 11% growth on a yearly basis. This suggests that investors remain confident in the company's performance despite the broader economic uncertainty. InvestingPro Tips suggest that Visa is a prominent player in the Financial Services industry, with a high return on invested capital and consistently increasing earnings per share.
In related news, Mastercard Inc (NYSE:MA)., a peer of Visa, is scheduled to announce its earnings before Thursday’s closing bell. This follows American Express Co (NYSE:AXP).'s recent announcement of strong spending, which may provide some reassurance about the state of consumer spending in the sector. InvestingPro Tips also highlight that Visa has been profitable over the last twelve months, suggesting that despite the uncertain economic environment, the company's financial health remains robust.
For investors interested in further insights, the InvestingPro platform offers a wealth of additional tips and real-time metrics. This includes information such as the company's Piotroski Score, dividend history, and price volatility. For access to these valuable insights, consider subscribing to the InvestingPro product here.
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