Are there any positive indications of Visa Inc.’s (V) near-term outlook?            – News Heater
Home  »  Morning Brief   »  Are there any positive indications of Visa Inc....

Are there any positive indications of Visa Inc.’s (V) near-term outlook?           

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Visa Inc. (V) released the results of the second quarter of 2021 after the market closed on April 28, 2021. The company’s revenues and profits declined year over year, but still exceeded Wall Street’s predictions.

During the past quarter, Visa had revenues of $ 5.7 billion (versus a forecast of $ 5.5 billion), and net income (non-GAAP) was $ 3 billion, or $ 1.38 per share, which is also slightly above expectations. International transactions were low, which led to the revenue decline. As a result of the pandemic and a reduction in international business and leisure travel, that number declined 11 % year over year. In addition, Visa pointed out some positive trends, including an increase in the transaction volume made by 5%. During the quarter, credit cards and gift cards’ transactions have increased while debit cards and e-commerce activity have been rated as “good”.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


Due to the pandemic’s impact on the global economy, Visa is wary of making mid-term forecasts. Although, the company notes that “recoveries are underway in many key international markets.”

In the US market, a certain amount of stimulus money earmarked by the Senate, estimated to be nearly $1.9 billion, could be one of the reasons why Visa is flourishing. Additional money will be provided to the economy, and there is a likelihood that consumers will become more active. Visa, for instance, will benefit in this case as well.

Additionally, the vaccination can influence consumer behaviour to the extent that international tourism will recover thanks to preventive measures. This would affect, in turn, Visa’s volume of transactions.

Visa Inc. (V) shares were up 0.06% at $237.0 in Thursday’s aftermarket. Visa Inc. stock gained 1.46% to finish the last trading session at $236.86. The stock recorded a trading volume of 7.41 million shares, which is lower than the average daily volume, 8.96 million shares, for the last 50 days. In the past five days, Visa Inc. stock has shot up 4.08% but has gained 11.78% in the last month. During the past three months, the stock has increased by 19.49%, and so far this year has shown a return of 8.29%. Further, the stock is currently trading at a P/E ratio of 54.49. Furthermore, its price to cash flow ratio stands at 75.02 and its price to sales ratio stands at 23.32.

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

A Lesson to Learn: 2U Inc. (TWOU)

2U Inc. (NASDAQ:TWOU) went up by 3.89% from its latest closing price compared to the recent 1-year high of $59.74. The company’s stock price has

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

We do not sell or share your information with anyone.