Visa Inc (NYSE:V, ETR:3V64) is set to report strong year-over-year growth on both the top and bottom lines when it hands down its fiscal third quarter earnings report after Tuesday’s closing bell.
The San Fransisco California-based digital payments company is expected to have benefited from higher transactions and payment volumes, including growth in cross-border transactions.
Visa guided net revenue growth in the low double digits year-over-year for Q3 and earnings per share (EPS) growth and the high end of low double-digits.
Wall Street analysts have loftier expectations. They, on average, forecast revenue growth just shy of 10% year-on-year to $8.9 billion.
EPS is expected to surge 11.5% to $2.41 from $2.16 in the year-ago quarter.
Shares of Visa traded hands down 1% at $265 late morning on Tuesday. The stock has gained about 2.5% so far in 2024.