Mastercard Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Mastercard Incorporated (NYSE:MA) is anticipated to report higher earnings for Q1 2024 before the market opens on May 1, with analysts expecting earnings of $3.02 per share compared to $2.8 per share a year ago, and revenue of $5.92 billion up from $5.75 billion. The company has recently realigned its teams to focus on Core Payments, Commercial and new Payment Flows, and Services. Shares fell 1.3% to close at $451.20 recently. Analysts from Baird, JP Morgan, Jefferies, Wells Fargo, and BMO Capital have updated their ratings and price targets for Mastercard, indicating a positive outlook.
May 02, 2024 | 12:56 pm
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POSITIVE IMPACT
Mastercard is expected to report increased earnings and revenue for Q1 2024, with a strategic focus on Core Payments and Services. Analysts have raised price targets, reflecting a positive sentiment.
The anticipation of higher earnings and revenue for Mastercard, coupled with the strategic realignment towards core payments and services, suggests a positive outlook. The recent updates from analysts, including raised price targets, further support a bullish sentiment for Mastercard's stock in the short term. However, the recent share price drop indicates market volatility, which is considered in the confidence score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100