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Mastercard Stock Soars on Stunning Q3 2018 Results
Mastercard (MA) stock rose ~3% in premarket trading on October 30 following its announcement of its impressive third-quarter results.
Digitization and Tech Investment Drove Visa’s Payment Volume
Visa’s (V) fourth-quarter results benefited from the growing global trend of cashless transactions.
Visa’s Q4 Profit Jumps 34%: A Look at Key Growth Drivers
Visa’s adjusted fourth-quarter EPS jumped 34% year-over-year to $1.21 and surpassed Wall Street analysts’ estimates by a penny.
Wall Street Projects Double-Digit Revenue Growth for Mastercard
Analysts expect Mastercard’s (MA) third-quarter 2018 revenues to grow 13.7% YoY and reach $3.86 billion.
What Will Drive Mastercard’s Third-Quarter Earnings?
Mastercard (MA) is scheduled to report its third-quarter results on October 30.
Where Visa Does Stand among Its Peers?
Analysts gave Visa a target price of $164.47, which is a 16% increase from the current level of $141.74. In 2017, the stock gained ~46%.
Higher Payment Volumes to Drive Visa’s Q4 2018 Earnings
Visa (V) plans to report its Q4 2018 earnings on October 24. Analysts expect Visa to report EPS of $1.20, marking YoY growth of 33.3%.
Do Mastercard’s Valuation Multiples Look Attractive?
Based on Wall Street’s earnings forecast for the next 12 months, Mastercard’s price-to-sales ratio stands at 13.37x.
Mastercard Sees Larger Opportunity in B2B Payment Space
Since 2017, Mastercard has been working to accelerate the adoption of digital payments in the travel industry through its various platforms.
Driving Factors behind Mastercard’s Double-Digit Revenue Growth
According to Wall Street expectations, Mastercard’s revenues for Q3 2018 and fiscal 2018 are expected to rise 13.7% and 19.7%, respectively, on a YoY basis.
Do Visa’s Multiples Look Attractive?
The price-to-earnings (or PE) ratio is considered to be the best multiple to value financial technology companies like Visa (V).
Buyouts and Partnerships to Expand Visa’s Global Reach
Visa (V) is making efforts to stay ahead in the payment industry, which is experiencing tremendous growth.
