Wall Street is optimistic about MasterCard, which is slated to report its third quarter results on Thursday, October 30, 2014. Analysts project a profit of 78 cents a share, a rise from 73 cents per share a year ago.
The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 80 cents. Analysts are expecting earnings of $3.00 per share for the fiscal year. Revenue is expected to be $2.45 billion for the quarter, 10% higher than the year-earlier total of $2.22 billion. For the year, revenue is projected to roll in at $9.39 billion.
Over the last four quarters, income rose 9% on average year-over-year. The biggest boost came in the third quarter, when income increased 14% from the year-ago quarter.
Over the last four quarters, revenue rose 12% on average year-over-year. The biggest boost came in the third quarter, when revenue increased 16% from the year-ago quarter.
The majority of analysts (69%) rate MasterCard as a buy. This compares favorably to the analyst ratings of 10 similar companies, which average 54% buys.
Mastercard is a multinational company whose principal business is to process payments and to provide related services to financial institutions and other customers. Its main services are in support of the credit, debit, prepaid, and related payment programs. Visa, also in the consumer financial services industry, will report earnings on Wednesday, October 29, 2014. Analysts are expecting earnings of $2.11 per share for Visa, up 14% from last year's earnings of $1.85 per share. Other companies in the consumer financial services industry with upcoming earnings release dates include: Fidelity National Information, Green Dot and FleetCor Technologies.
Earnings estimates provided by Zacks.
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