Visa, Inc, (V) reported solid third-quarter results on Oct 27 that were better than expected, making it four of the last four quarters that the company has surprised.

Revenue was up 10% from last year to $1.9 billion. Earnings also came in strong at 74 cents per share, 3 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last four quarters by an average of 7 cents, or 10%.

Estimates Up

Estimates have risen in response to the good quarter, with the current year adding 14 cents to $3.56 per share. The next-year estimate is up 14 cents to $4.30, a bullish 21% growth projection.


Shares of V are trading at a premium to the overall market with a forward P/E of 22X.

The Chart

Shares of Visa recently surged higher and hit a new 52-week high above $79, take a look below.


Last Week’s Momentum Zacks Rank Buy Stocks

HealthSouth Corp. (HLS) is producing strong results by growing its revenue and more effectively managing its costs. Read Full Article.

DeVry, Inc. (DV) reported better than expected first-quarter results on Oct. 27, marking the fourth time in the last four quarters the company has either matched or beat the Zacks Consensus Estimate. Read Full Article.

Euronet Worldwide, Inc. (EEFT) recently reported better than expected third-quarter results after shares have more than tripled over the last 7 months. Read Full Article.

Carbo Ceramics Inc. (CRR) recently hit a new 52-week high on better than expected third-quarter results. Read Full Article.Zacks Investment Research