In Q2, expectations were set quite low, and as a result, MasterCard beat analyst estimates easily. It appears that the same case is shaping up for the company's Q3 earnings release scheduled for October 28.
Barclays is expecting another strong beat in Q3. "We continue to view management guidance as conservative after effectively resetting EPS estimates ~10 percent lower from the start of the year through mid-July," wrote Barclay analysts in a recent note.
MasterCard saw August trends accelerate through "stronger than anticipated processed transaction and cross border volume trends, alongside a slight upward revision to FY16 guidance," according to Barclays.
Barclays maintains an Overweight rating on MasterCard and raised its price target to $120 from $110.
At last check, MasterCard was up 0.96 percent at $102.70.
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