Mastercard Incorporated (NYSE:MA) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, MA is expected to report 3Q20 income of $ 1.66 per share from revenue of $ 3954.54 million.
For the full year, analysts anticipate top line of $ 15670.10 million, while looking forward to income of $ 6.69 per share bottom line.
Previous Quarter Performance
Mastercard Incorporated unveiled income for the second quarter of $ 1.36 per share, from the revenue of $ 3,335.00 million. The quarterly earnings decreased 28.04 percent while revenues down 18.92 percent compared with the same quarter last year.
According to street consensus, MA was expected to report 2Q20 income of $ 1.16 per share from revenue of $ 3252.59 million. The bottom line results beat street analysts by $ 0.2 or 17.24 percent, at the same time, top line results outshined analysts by $ 82.41 million or 2.53 percent.
Stock Performance
Shares of Mastercard Incorporated traded low $ -0.95 or -0.30 percent on Tuesday, reaching $ 317.11 with volume of 4.23 million shares. Mastercard Incorporated has traded high as $ 319.56 and has cracked $ 312.36 on the downward trend
According to the previous trading day, closing price of $ 317.11, representing a 59.04 % increase from the 52 week low of $ 199.99 and a 13.39 % decrease over the 52 week high of $ 367.25.
The company has a market capital of $ 317.45 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 2nd October 2020, maintained by Jefferies Financial Group at Hold rating, with $ 330.00 target price.
- On 15th September 2020, maintained by Deutsche Bank at Buy rating, with $ 383.00 target price.
- On 10th September 2020, maintained by Susquehanna Bancshares at Positive rating, with $ 395.00 target price.
Conference Call
Mastercard Incorporated will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mastercard.com
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services. The company offers integrated products and services for account holders, merchants, financial institutions, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid payment programs and management services; and commercial payment products and solutions.
