$V VISA benefits from adoption to Cashless society 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.
