NEW YORK (TheStreet) -- Shares of Visa (V) - Get Visa Inc. Class A Report are lower by 1.38% to $69.93 on Thursday afternoon, only an hour before the credit card company reports its fiscal 2016 first quarter earnings results.
Analysts are expecting Visa to post a year over year rise in its earnings per share and revenue results for the most recent quarter.
A survey of analysts by Thomson Reuters shows the company has been forecast to report earnings of 68 cents per share on revenue of $3.62 billion for the most recent quarter.
For the same period last year Visa reported earnings of 63 cents per share on $3.38 billion for the fiscal 2015 first quarter.
Visa is a Foster City, CA-based technology company that is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world.
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. TheStreet Ratings has this to say about the recommendation:
We rate VISA INC as a Buy with a ratings score of A-. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: V