Visa, Inc, (V) reported solid third-quarter results on Oct 27 that were better than expected, making it four of the last four quarters that the company has surprised.

Revenue was up 10% from last year to $1.9 billion. Earnings also came in strong at 74 cents per share, 3 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last four quarters by an average of 7 cents, or 10%.

Estimates Up

Estimates have risen in response to the good quarter, with the current year adding 14 cents to $3.56 per share. The next-year estimate is up 14 cents to $4.30, a bullish 21% growth projection.

Valuation

Shares of V are trading at a premium to the overall market with a forward P/E of 22X.

The Chart

Shares of Visa recently surged higher and hit a new 52-week high above $79, take a look below.

Zacks Investment Research
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2. (V) Visa Completes Legal Settlement by Prepaying US MerchantsVisa Inc. (V) on Monday said it would prepay $682 million to complete a major...
3. (V) Visa Inc. – number of cards carrying the Visa brand increased 6% to 1.7 billionVisa Inc. (V) reported solid second-quarter results on July 29 that better than expectations, pushing...
4. (V) Visa, Inc. – Momentum – Zacks Rank BuyVisa, Inc. (V) is fresh off the heels of an impressive 6-month run in which...
5. (V) Visa, Inc – Aggressive Growth – Zacks Rank BuyVisa, Inc. (V) has yet to miss expectations since it first went public and analysts...
6. (V) – Visa – Business volumes outside of the U.S. grew at a rate of 31%Visa, Inc. (V) has positioned itself to benefit from strong international growth opportunities in areas...

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