Entry level $178.50 = Target price $191 = Stop loss $174.50
Earnings breakdown
Non-GAAP per-share earnings of $1.47 on revenue of $6.13. For comparison, Wall Street was looking for earnings per share and revenue of $1.43 and $6.08 billion.
Non-GAAP EPS comes in 21% higher YoY compared to $1.21.
The Visa earnings report also has revenue increasing by 13% from the $5.43 billion reported during the same time last year.
Operating income of $3.74 billion is 9.68% higher than $3.41 billion reported in fiscal Q4 2018.
The company’s net income of $3.03 billion is 6.32% better compared to $2.85 billion in the same period of the year prior.
V also notes that payments volume was up 9% from the fiscal fourth quarter of 2018.
Technically the chart is in a strong long term uptrend.
Indicators are in a bullish reversal pattern, advances in the stock will be highly dependent on market strength continuing.
P/E ratio 35, quite high but acceptable in such a growth sector.
Average analysts price target $202 & Buy rating.
Earnings breakdown
Non-GAAP per-share earnings of $1.47 on revenue of $6.13. For comparison, Wall Street was looking for earnings per share and revenue of $1.43 and $6.08 billion.
Non-GAAP EPS comes in 21% higher YoY compared to $1.21.
The Visa earnings report also has revenue increasing by 13% from the $5.43 billion reported during the same time last year.
Operating income of $3.74 billion is 9.68% higher than $3.41 billion reported in fiscal Q4 2018.
The company’s net income of $3.03 billion is 6.32% better compared to $2.85 billion in the same period of the year prior.
V also notes that payments volume was up 9% from the fiscal fourth quarter of 2018.
Technically the chart is in a strong long term uptrend.
Indicators are in a bullish reversal pattern, advances in the stock will be highly dependent on market strength continuing.
P/E ratio 35, quite high but acceptable in such a growth sector.
Average analysts price target $202 & Buy rating.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.