Published on 17 Jan 2022 on Zacks via Yahoo Finance
Visa (V) Stock Sinks As Market Gains: What You Should Know
Visa (V) closed the most recent trading day at $214.67, moving -0.15% from the previous trading session. This move lagged the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq lost 4.81%.
Heading into today, shares of the global payments processor had gained 1.32% over the past month, outpacing the Business Services sector's loss of 16.15% and the S&P 500's gain of 0.64% in that time.
Investors will be hoping for strength from Visa as it approaches its next earnings release, which is expected to be January 27, 2022. The company is expected to report EPS of $1.69, up 19.01% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.77 billion, up 19.03% from the year-ago period.