Visa (V) stock rose slightly, outperformed some indices, but lagged behind sector

From Nasdaq: 2024-11-29 17:45:16

In the latest trading session, Visa (V) closed at $315.08, a +0.12% adjustment from the previous day. The stock underperformed compared to the S&P 500 but outperformed the Dow and Nasdaq. Visa’s shares have risen by 8.57% over the past month, despite lagging behind the Business Services sector.

Investors are eagerly anticipating Visa’s upcoming earnings release, expecting an EPS of $2.67 and revenue of $9.35 billion. Analysts project full-year earnings of $11.19 per share and revenue of $39.34 billion. Positive estimate revisions reflect optimism about Visa’s business performance and profitability, impacting stock prices.

Visa currently holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 28.12, indicating a premium compared to its industry average. The Financial Transaction Services industry, part of the Business Services sector, boasts a PEG ratio of 2.11 and a Zacks Industry Rank of 124, positioning it in the top 50% of industries.

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Read more at Nasdaq: Visa (V) Rises Yet Lags Behind Market: Some Facts Worth Knowing