Wedbush Issues FY2024 Earnings Estimate for Visa (NYSE: V)

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Visa Inc ($NYSE:V). is a multinational financial services corporation headquartered in Foster City, California, United States. The company facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards. Wedbush’s estimate is based on strong growth in both credit and debit card payments.

Wedbush is bullish on Visa’s growth prospects, as the company benefits from the continued shift from cash to electronic payments. The firm expects Visa to continue to gain market share in the electronic payments industry, and sees strong growth potential in emerging markets.

Earnings

Visa Inc.’s total revenue for FY2022 Q4 was 29.3 billion USD, an increase of 21.6% compared to the previous year. The company’s net income for the quarter was 15.0 billion USD, an increase of 22.0% compared to the previous year. Visa Inc.’s total revenue has grown from 21.8 billion USD to 29.3 billion USD over the last three years. The company’s strong financial performance is due to its focus on delivering innovative payment solutions that enable fast, safe, and convenient transactions around the world.

Share Price

On Monday, shares of Visa Inc. opened at $208.9 and closed at $207.2, down 1.0% from the previous day’s close of $209.3. This decrease comes after Wedbush issued an earnings estimate for the company’s fiscal year 2024. While this revision is modest, it nonetheless caused some investors to sell off their shares of Visa stock.

Looking ahead, it remains to be seen how Visa will perform in the coming years. The company has been a major player in the global payments industry for many years, and it will likely continue to be a major force in the years to come.

VI Analysis

Companies with strong fundamentals tend to have long-term potential, and the Visa app makes it easy to assess a company’s fundamentals. According to the Visa Star Chart, Visa is classified as a ‘gorilla’ a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes it an attractive investment for growth-oriented investors. Additionally, Visa is strong in dividend, growth, and profitability metrics, and weak in asset management.

However, its high health score of 9/10 indicates that it is a financially strong company that is capable of weathering any crisis without the risk of bankruptcy.

VI Peers

In the world of electronic payments, there are four major players: Visa Inc, Mastercard Inc, PayPal Holdings Inc, and American Express Co. All four of these companies are in constant competition with one another to gain market share. While Visa and Mastercard are the traditional giants in the industry, PayPal and American Express have been making inroads in recent years.

– Mastercard Inc ($NYSE:MA)

Mastercard Inc is a technology company that connects consumers, financial institutions, merchants, governments and businesses around the world, enabling them to use secure and convenient electronic transactions. As of 2022, Mastercard Inc has a market cap of 287.75B and a ROE of 110.3%. The company operates in two segments: Global Payment Solutions and Data & Services.

– PayPal Holdings Inc ($NASDAQ:PYPL)

Founded in 1998, PayPal Holdings, Inc. is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants. PayPal has over 300 million active customers and handles over $232 billion in total payment volume on an annual basis. The company operates as a payment processor for online vendors, auction sites, and other commercial users, for which it charges a fee. In addition, PayPal offers a credit product called “Bill Me Later,” which allows customers to finance their online purchases.

– American Express Co ($NYSE:AXP)

American Express Co is a multinational financial services corporation with a market cap of 107.94B as of 2022. The company is headquartered in Three World Financial Center in New York City. American Express Co is best known for its credit card, charge card, and traveler’s cheque businesses.

Summary

Visa Inc. is a payments technology company that connects consumers, merchants, financial institutions, and governments around the world. Visa’s products and services enable consumers and businesses to make and receive payments. The company operates a payments network that processes transactions between banks and merchants. Visa also offers products and services that enable merchants to accept electronic payments.

The company is a leader in the payments industry, and its products and services are used by millions of people around the world. Investors interested in Visa may want to consider buying the shares as the company continues to grow its business.