Visa Inc. Prepares to Report Second-Quarter Earnings

Visa Inc. (V) is expected to report $2.44 in earnings per share (EPS) on $8.62 billion in revenue for its second quarter, exceeding analysts’ expectations. However, the stock has declined over 7% since March 21 due to factors such as Capital One Financial’s acquisition of Discover Financial Services and the settlement of a class action lawsuit, affecting Visa’s swipe fees. Technically, the stock’s bearish trend is supported by indicators such as the MACD and RSI. The consensus analyst rating remains Outperform, but recent ratings suggest a potential upside of 12.02% from its current trading price.

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