Mastercard is expected to beat on earnings due to growth in digital payments and positive estimates

From Nasdaq, Inc.: 2024-10-25 07:18:00

boost revenues. The trend of transitioning to digital payments is expected to continue to benefit MA. Its joint venture with Facebook’s Meta, the Novi digital wallet, will also be a growth driver for the company. MA has an Earnings ESP of -0.20%. The company will report on Oct 29, before the opening bell. Solid Earnings Estimate Revisions for MA SharesFor third-quarter 2024, the Zacks Consensus Estimate currently shows revenues of $5.48 billion, suggesting an improvement of 14.7% year over year and earnings per share of $2.36, indicating an increase of 15.7% year over year. The company pulled off positive earnings surprises in the last four reported quarters with the average beat being 7.5%. Furthermore, Mastercard has witnessed positive earnings estimate revisions for 2024 in the last 30 days. At present, the Zacks Consensus Estimate indicates a year-over-year increase of 12.8% and 18.1%, respectively, for revenues and EPS in 2024. The current Zacks Consensus Estimate for 2025 revenues and EPS reflects an upside of 8.7% and 12.2%, respectively.



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