Visa (V) Stock Higher Ahead of Thursday’s Q3 Earnings

Visa (V) stock is advancing Tuesday afternoon ahead of the company’s 2016 fiscal third quarter results due out after Thursday’s closing bell.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Visa (V) - Get Report are up 0.55% to $78.72 ahead of the company's 2016 fiscal third quarter results due out after Thursday's market close.

Analysts are projecting that earnings per share will fall year-over-year, but revenue will increase.

Wall Street is expecting the payments technology company to report earnings of 66 cents per share on revenue of $3.65 billion.

Last year, the San Francisco-based company posted adjusted earnings of 74 cents per share on revenue of $3.52 billion.

Oppenheimer maintained its "outperform" rating and $90 price target on Visa stock ahead of the results.

"We are encouraged by mostly stable intra-quarter volume growth, improving FX trends (excluding the British pound), solid retail sales growth (up ~3% Y/Y in 2Q), and broadly positive card issuer trends," the firm wrote in an analyst note.

(Visa is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trialhere.)

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: V

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