Mastercard (MA) To Report Earnings Tomorrow: Here Is What To Expect

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Global payments technology company Mastercard (NYSE: MA) will be announcing earnings results this Thursday before market hours. Here’s what to expect.

Mastercard met analysts’ revenue expectations last quarter, reporting revenues of $8.81 billion, up 17.6% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and .

Is Mastercard a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Mastercard’s revenue to grow 13.8% year on year, in line with the 14.2% increase it recorded in the same quarter last year.

Mastercard Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Mastercard has a history of exceeding Wall Street’s expectations.

Looking at Mastercard’s peers in the credit card segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Bread Financial delivered year-on-year revenue growth of 4.9%, beating analysts’ expectations by 2.3%, and Visa reported revenues up 17.1%, topping estimates by 4.5%. Bread Financial traded down 6.9% following the results.

Read our full analysis of Bread Financial’s results here and Visa’s results here.

There has been positive sentiment among investors in the credit card segment, with share prices up 12.8% on average over the last month. Mastercard is up 5.5% during the same time and is heading into earnings with an average analyst price target of $652.69 (compared to the current share price of $521).

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