Visa(US:V) ZACKS·2024-06-24 22:50Company Performance - Visa's stock closed at $276.30, reflecting a +0.39% change from the previous trading day's closing, outperforming the S&P 500 which lost 0.31% [1] - Over the past month, Visa's shares gained 0.27%, lagging behind the Business Services sector's gain of 0.6% and the S&P 500's gain of 2.73% [1] - Visa is projected to report earnings of $2.41 per share, indicating a year-over-year growth of 11.57%, with quarterly revenue expected to be $8.91 billion, up 9.67% from the previous year [1] Annual Forecast - The Zacks Consensus Estimates forecast Visa's earnings for the year at $9.94 per share and revenue at $35.86 billion, reflecting changes of +13.34% and +9.81% respectively compared to the previous year [2] Analyst Estimates and Valuation - Recent modifications to analyst estimates for Visa indicate a changing business landscape, with upward revisions suggesting analysts' positive outlook on the company's operations [2] - Visa currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate moving 0.01% lower over the last 30 days [3] - Visa's Forward P/E ratio stands at 27.7, which is a premium compared to the industry average of 15.15, and its PEG ratio is 1.88, compared to the Financial Transaction Services industry's average PEG ratio of 0.99 [3] Industry Overview - The Financial Transaction Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 56, placing it in the top 23% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups by evaluating the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]