Market Overview

MasterCard Management Continues To Guide Conservatively; Nice Setup For A Q3 Beat

MasterCard Management Continues To Guide Conservatively; Nice Setup For A Q3 Beat

Mastercard Inc (NYSE: MA) has been in the habit of providing weak guidance to set the up the company for an earnings beat.

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.

Related Link: PayPal Investors Want To Know More About MasterCard, Visa

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.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for MA

Dec 2019MaintainsBuy
Dec 2019Initiates Coverage OnBuy
Nov 2019MaintainsOverweight

View More Analyst Ratings for MA
View the Latest Analyst Ratings

Posted-In: Analyst Color Earnings Long Ideas News Guidance Price Target Previews Reiteration Best of Benzinga


Related Articles (MA)

View Comments and Join the Discussion!

Why A 1% Rise In Interest Rates Could Produce 'One Of The Worst Drawdowns In The Past 50 Years'

Lennar's Recovery May Take Longer Than Previously Thought