Here's Why You Should Add Visa (V) Stock To Your Portfolio
Zacks Investment Research | Sep 19, 2017 09:33PM ET
Visa Inc. (NYSE:V) emerges a solid bet on the back of core strength and good growth prospects. The company also has an exciting earnings surprise history. In fact, Visa surpassed the Zacks Consensus Estimate in each of the last four quarters with an average positive earnings surprise of 8.4%.
The stock has been witnessing upward revisions over the last 90 days, indicating analysts’ optimism about its earnings growth potential. The Zacks Consensus Estimate for fiscal 2017 and fiscal 2018 moved north by 1.8% and 1.5%, respectively.
Given the positive estimate revisions and a bullish Zacks Rank #2 (Buy), we expect a decent upside for the stock in the near term.
Visa’s share price performance also remains impressive. The stock has surged 35.1% year to date, outperforming the .
Western Union beat earnings estimates in two of the last four quarters, with an average positive earnings surprise of 4%.
Vantiv is an integrated payment processor engaged in providing advanced technology solutions for businesses and financial institutions. The stock outpaced earnings estimates in each of the last four quarters with an average positive earnings surprise of 3.6%.
Total System Services provides global commerce solutions. The company facilitates payment exchange between buyers and sellers. It surpassed earnings estimates in three of the last four quarters with the average surprise beat being 3.5%.
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It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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