Visa(US:V) ZACKS·2024-06-17 22:50Company Overview - Visa closed at $271.17, with a slight increase of +0.19% from the previous day, underperforming the S&P 500's gain of 0.77% [1] - Over the last month, Visa's shares decreased by 3.37%, contrasting with the Business Services sector's loss of 0.77% and the S&P 500's gain of 3.71% [1] Earnings Projections - Visa is projected to report earnings of $2.41 per share, reflecting a year-over-year growth of 11.57%, with revenue expected to be $8.91 billion, indicating a 9.67% growth compared to the same quarter last year [1] - For the full year, earnings are estimated at $9.94 per share and revenue at $35.86 billion, representing changes of +13.34% and +9.81% from the prior year, respectively [2] Analyst Estimates and Rankings - Recent revisions in analyst estimates are seen as a sign of optimism regarding Visa's business outlook, with the Zacks Rank system currently placing Visa at 3 (Hold) [2][3] - The Zacks Consensus EPS estimate has shifted 0.01% downward over the past month [3] Valuation Metrics - Visa's Forward P/E ratio stands at 27.24, indicating a premium compared to its industry's Forward P/E of 14.26 [3] - The PEG ratio for Visa is 1.85, while the Financial Transaction Services industry has an average PEG ratio of 0.95 [3] Industry Context - The Financial Transaction Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 59, placing it in the top 24% of over 250 industries [4] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for Visa within its industry [4]