BUZZ-PREVIEW: Visa shares rise ahead of quarterly earnings

Reuters
30 Apr
BUZZ-PREVIEW: <a href="https://laohu8.com/S/V">Visa</a> shares rise ahead of quarterly earnings

** Visa's V.N shares up 0.7% to $339.88 on Tues ahead of the credit card giant's quarterly results due after markets close

** Consumer spending, which is partly fueled by credit, has been hampered by still-high inflation as well as worries about the impact of tariffs on the economy

** Wall Street analysts expect V to report ~9% rise in rev to $9.55 bln and adj EPS of $2.68, up ~7% from a year ago, per LSEG data

** V's rev has met expectations 7 times over the last 8 quarters while its adj EPS has met analyst estimates every time in the same period

** Among 43 analysts that cover V, avg rating is "BUY" and median PT is $388, down slightly from $390 last month, but up from $348.50 on Jan 29

** Including move on Tues, V is up ~7.5% YTD while the S&P 500 financial index .SPSY is flat in 2025

(Reporting by Chibuike Oguh in New York)

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