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Earnings Preview: Visa

Submitted by Free Investing on Wed, 07/28/2010 - 14:37

theflyonthewall.com submits: Visa (V) is expected to report Q3 earnings after the market close on Wednesday, July 28 with a conference call scheduled for 5 pm ET. GuidanceThe consensus estimate is 93c for EPS and $1.97B for revenue, according to First Call. The consensus range is 87c-98c for EPS, and $1.88B-$2.04B for revenue. Both American Express (AXP) and Capitol One (COF) reported better than expected EPS, possibly indicating that Visa could follow suit. A number of analysts have expressed optimism about Visa's Q3 results in recent days. Buckingham wrote that it expects Visa to report solid results as the company benefits from increased foreign travel and spending. On a negative note, the firm expects concerns about the Fed's regulation of debit card interchange fees will likely continue into next year. However, the firm expects Visa's 20% EPS growth to eventually overcome those concerns allowing its valuation to expand. Complete Story »