Visa Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | July 23, 2024 06:03am

Visa Inc. (NYSE:V) will release its fiscal third quarter 2024 financial results, after the closing bell on Tuesday, July 23.

Analysts expect the San Francisco, California-based company to report quarterly earnings at $2.42 per share, up from $2.16 per share in the year-ago period. Visa is expected to post revenue of $8.92 billion, according to data from Benzinga Pro.

Visa recently partnered with Amazon.Com, Inc. (NASDAQ:AMZN) to offer Canadian consumers more flexible payment options at checkout.

Visa shares gained 0.9% to close at $267.71 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Tien-Tsin Huang maintained an Overweight rating and cut the price target from $302 to $300 on July 18. This analyst has an accuracy rate of 61%.
• Citigroup analyst Ashwin Shirvaikar maintained a Buy rating and boosted the price target from $314 to $321 on April 24. This analyst has an accuracy rate of 74%.
• Wedbush analyst Moshe Katri maintained an Outperform rating and increased the price target from $280 to $300 on April 24. This analyst has an accuracy rate of 71%.
• Baird analyst David Koning maintained an Outperform rating and raised the price target from $314 to $320 on April 17. This analyst has an accuracy rate of 75%.
• TD Cowen analyst Bryan Bergin initiated coverage on the stock with a Buy rating and a price target of $320 on April 11. This analyst has an accuracy rate of 65%.

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Posted In: AMZN V