Visa Inc. (NYSE: V) is scheduled to report earnings after the markets close on Thursday. The consensus estimates from Thomson Reuters call for $0.59 in earnings per share on $3.36 billion in revenue. The same period from last year had $0.54 in EPS on $3.16 billion in revenue.
Hacks and data security breaches in recent years have torn up some consumers’ lives and cumulatively have cost companies billions of dollars, but several cybersecurity outfits are looking to protect consumer interests and corporate interests alike. Visa has announced a new contract with cybersecurity firm FireEye Inc. (NASDAQ: FEYE) to protect consumers. The case might be a total “game changer” in cybersecurity going forward.
In early June, FireEye and Visa announced that they intend to work together to create tools and services to help merchants and issuers protect against advanced cyberattacks.
Basically, as Visa’s network security becomes more policed by FireEye, customers stand to be safer than they were previously. At this point Visa is looking out for its best interest, but it is giving FireEye, and for that matter the whole cybersecurity field, a shot at the big leagues.
ALSO READ: Customer Service Hall of Shame
Cybersecurity might be considered by some one of the most underaddressed issues, but effectively one of the most important in corporate America.
In the previous Visa earnings report, the strengthening of the U.S. dollar had an impact on net operating revenues of approximately 2.5 percentage points of negative growth during the quarter. Anytime you see a 2.5% hit from currencies, generally speaking, it is not a good thing. However, considering other companies were at the mercy of these currency headwinds, 2.5% wasn’t as bad.
A huge development in the previous quarter was that Visa was selected by Costco as the credit card network for its U.S. warehouse clubs and gasoline locations commencing next year.
Prior to earnings a few analysts weighed in on the company:
- Oppenheimer reiterated a Buy rating with an $81 price target.
- Goldman Sachs reiterated a Buy rating.
- Jefferies reiterated a Buy rating with a $75 price target.
Shares of Visa were relatively flat at $71.94 Thursday morning. The stock has a consensus analyst price target of $76.27 and a 52-week trading range of $48.80 to $73.00.
ALSO READ: 5 S&P 500 Companies That Are Buying Back the Most Stock
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
