Visa Stock (NYSE:V), Trade Ideas

Visa

Visa is the largest payment processor in the world. In fiscal 2022, it processed over $14 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.

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Shares of Visa were climbing in early trading on Wednesday, after the company reported an earnings beat for its fiscal second quarter.

Visa Delivers &#39;Solid&#39; Earnings Beat, 6 Analysts Provide Key Takeaways: &#39;Blame Easter For Softer Trends&#39;

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Visa shares surge premarket as Q2 earnings beat estimates, driven by solid payment volume and revenue growth.

What&#39;s Going On With Visa Shares Wednesday?

Visa&#39;s Strong Earnings May Be A Troubling Sign For The Economy

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Macquarie analyst Paul Golding maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $290 to $300.

Macquarie Maintains Outperform on Visa, Raises Price Target to $300

Shares of Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) were climbing in early trading on Wednesday, after <a href="https://www.benzinga.com/markets/equities/24/04/38400226/whats-going-on-with-visa-shares-wednesday">the company reported an earnings beat for its fiscal second quarter</a>.
Here are some key analyst takeaways from the release.
<ul>
<li>Goldman Sachs analyst Will Nance reiterated a Buy rating, while raising the price target from $328 to $335.</li>
<li>Oppenheimer analyst Jake Kooyman maintained an Outperform rating, while lifting the price target from $297 to $299.</li>
<li>Wedbush analyst Moshe Katri reaffirmed an Outperform rating, while raising the price target from $280 to $300.</li>
<li>BMO Capital Markets analyst Rufus Hone reiterated an Outperform rating and price target of $300.</li>
<li>Keefe Bruyette &amp; Woods analyst Sanjay Sakhrani maintained an Outperform rating and price target of $325.</li>
<li>Mizuho Securities analyst Dan Dolev reaffirmed a Neutral rating and price target of $265.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs: Visa reported "solid" quarterly results. Earnings of $2.51 per share beat the consensus of $2.44 per share. The results were driven by "broadly inline trends in revenues aided by a large beat on incentives," Nance said. 
Softer trends in April were seen by the company as "largely a function of Easter timing."
Although management lowered the volume guidance to reflect softer results in the Asia Pacific (APAC) region, they broadly reiterated expectations for improving ticket sizes in both the US and the rest of the world excluding APAC for the rest of the year, "which had been an area of skepticism among investors," the analyst further stated.
Oppenheimer: Visa&#8217;s non-GAAP earnings grew by 20% to $2.51 per share, while net revenue on a constant currency basis rose 10% year-over-year to $8.6 billion, with both figures beating expectations, Kooyman said. 
"Other revenue largely drove the delta versus the Street, which increased 37% year over year driven by strong consulting and marketing services revenue growth," he added.
"Moreover, overall spending trends remained solid, evidenced by an 8% year-over-year increase in payments volume, 11% rise in processed transactions and a 16% gain in constant currency cross-border volume," the analyst wrote. Visa remains on track to generate low double-digit top-line growth and earnings growth in the low teens, he further stated.
Wedbush: Visa reported stronger-than-expected quarterly results and reiterated its full-year guidance, Katri said. Payment volume growth accelerated sequentially by 100 basis points (bps) in the US, but slowed internationally by 100 bps, keeping the aggregate consistent, he added.
"While FY24 guidance was reiterated, management reset expectations for Total volume growth to high single digits from low double digits due to APAC travel slowing recovery," the analyst wrote. "This is being offset by stronger than expected performance in high-yield eCommerce," he further stated.
BMO Capital Markets: Given Visa's "solid" quarterly results, the reiterated revenue guidance for the full year appears "de-risked, supported by accelerating VAS/ New Flows growth, resilient cross-border trends and slower 2H growth in incentive payments," Hone wrote in a note.
"While US payment volume in the first 3 weeks of April are tracking +5% YoY (down slightly from ~6% YoY in March/FY2Q24), Visa noted that the earlier Easter timing this year accounted for the slight sequential deceleration," he added.
Keefe, Bruyette &amp; Woods: Visa reported an earnings beat "driven primarily by client incentives (+$0.10/share), with some added benefit from higher other income (+$0.02/share) and a lower tax rate (+$0.01/share)," Sakhrani said. 
He added, however, that the beat was partially offset by a decline in gross revenues, higher opex, and an increase in share count.
"Visa's results are tracking in-line with expectations, which is a positive relative to intra-quarter concerns that full year targets may prove to be too high," the analyst further stated.
Mizuho Securities: Visa's strong quarterly results "marked by accelerating US volumes (+6% vs. +5%) and unchanged guide should drive a sigh of relief rally in the stock," Dolev said.
Although the company maintaining its full-year revenue guidance is "a key positive," the slower trends in April "can be a potential hurdle" to achieving the same pace of revenue growth in the second half of the year, he added.
V Price Action: Shares of Visa had risen by 0.86% to $276.47 at the time of publication on Wednesday.
Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38412499/treasury-yields-rise-tesla-jumps-on-cheaper-model-pledge-yen-plummets-to-34-year-lows-what">Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What&#8217;s Driving Markets Wednesday?</a>

Visa Delivers 'Solid' Earnings Beat, 6 Analysts Provide Key Takeaways: 'Blame Easter For Softer Trends'

RBC Capital analyst Daniel Perlin maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $309 to $315.

RBC Capital Maintains Outperform on Visa, Raises Price Target to $315

UBS analyst Rayna Kumar maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Buy and raises the price target from $315 to $325.

UBS Maintains Buy on Visa, Raises Price Target to $325

Citigroup analyst Ashwin Shirvaikar maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Buy and raises the price target from $314 to $321.

Citigroup Maintains Buy on Visa, Raises Price Target to $321

Guidance

Visa CFO Says Overall, Consumer Trends Continued To Be Remarkably Resilient; Travel Volumes Remain Under 2019 Levels In China; Chinese Consumer Under Pressure Due To Macroeconomic Trends; Visa Saw 2q Volume Payments Growth Everywhere, Except For Asia-pacific Market

Wedbush analyst Moshe Katri maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $280 to $300.

Wedbush Maintains Outperform on Visa, Raises Price Target to $300

Oppenheimer analyst Jake Kooyman maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $297 to $299.

Oppenheimer Maintains Outperform on Visa, Raises Price Target to $299

Visa Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are trading higher in the<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">&nbsp;premarket session on Wednesday.</a>
After yesterday&#8217;s closing bell, Visa reported second-quarter 2024 adjusted earnings of $2.51 per share,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38391557/visa-shares-rise-after-better-than-expected-q2-results" rel="noreferrer noopener">which beat the analyst consensus estimate of $2.44 by 2.87%.&nbsp;</a>
Payments volume for the three months ended March 31, 2024, increased by 8%, while cross-border volume,&nbsp;excluding transactions within Europe, which drives international transaction revenue, increased
16% on a constant-dollar basis. Total cross-border volume on a constant-dollar basis increased by 16% in the quarter.
Quarterly revenues came in at $8.775 billion, beating the analyst consensus estimate of $8.627 billion, up 9.89% year over year.
Cash, equivalents, and investment securities were $20.8 billion at March 31, 2024.
Visa expects third-quarter net revenue growth in the low double-digits and earnings per share in the high end of low double-digits.
The company&nbsp;currently&nbsp;expects full-year 2024 net revenue growth in the low double-digits and earnings per share growth in&nbsp;the the low-teens.
Read Next:<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38388017/general-motors-potential-in-ev-transformation-weighed-by-analysts-after-q1-beat-was" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38388017/general-motors-potential-in-ev-transformation-weighed-by-analysts-after-q1-beat-was" rel="noreferrer noopener">General Motors&#8217; Potential In EV Transformation Weighed By Analysts After Q1 Beat- Was This a &#8216;Prove Me&#8217; Quarter For CEO Mary Barra?</a>
Price Action: V shares are trading higher by 2.84% to $281.89 premarket at the last check Wednesday.
Photo via Shutterstock

What's Going On With Visa Shares Wednesday?

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%. While these numbers may seem like a positive indicator for the economy, as they suggest strong consumer spending, a closer look at the current state of consumer credit card debt paints a more troubling picture.
According to the latest consumer debt data from the Federal Reserve Bank of New York, Americans&#8217; total credit card balance has reached a staggering $1.129 trillion in the fourth quarter of 2023. This marks the third consecutive quarter in which credit card balances have surpassed the $1 trillion mark, a level never seen before the second quarter of 2023.
The recent increase in credit card debt is particularly concerning, as balances have risen by $273 billion since the fourth quarter of 2021. This surge in debt has been fueled by record-high interest rates, persistent inflation, and various other economic factors, which are likely to continue driving credit card balances even higher in the near future.
<h2 class="wp-block-heading">Are Visa&#8217;s Earnings a Reflection of Increased Consumer Debt?</h2>
Visa&#8217;s strong earnings report, which highlights an increase in transactions and payment volume, may actually be a reflection of consumers falling deeper into debt to maintain their spending habits. As Ryan McInerney, Visa's Chief Executive Officer, noted, &#8220;Overall payments volume grew 8% and cross-border volume grew 16%, driven by stable consumer spending.&#8221;
However, this &#8220;stable consumer spending&#8221; could be masking the reality that many Americans are relying on credit cards to make ends meet, rather than an indication of genuine economic prosperity. The historical trend of credit card debt growth, as shown by the Federal Reserve Bank of New York&#8217;s data, reveals a pattern of &#8220;hockey-stick&#8221; growth followed by sharp declines during economic crises, such as the 2008 financial collapse and the 2020 pandemic.
As credit card balances continue to climb, the risk of a similar economic downturn increases. When consumers are unable to pay off their credit card debts, they may be forced to cut back on spending, which could lead to a slowdown in economic growth. Additionally, the high interest rates associated with credit card debt can make it increasingly difficult for individuals to get back on solid financial footing.
While Visa&#8217;s strong earnings may be celebrated by investors, the results should be viewed with caution. The underlying growth in consumer credit card debt suggests that the economy may be on a less stable footing than Visa&#8217;s numbers would imply.
<h2 class="wp-block-heading">Passive Income Investments Are One of The Most Trusted Methods for Riding Out a Recession</h2>
Growing consumer credit card debt is just one indicator pointing to a potential recession in the near future, so it&#8217;s important to consider investment options that can continue providing returns even if the market begins to struggle. 
Cityfunds has introduced an exclusive opportunity for accredited investors to secure an impressive 7% &#8211; 8% APY by capitalizing on the growing $32.6 trillion home equity market. The <a href="https://www.benzinga.com/go/cityfunds-yield-YF">Cityfunds Yield fund</a> provides quarterly distributions and is backed by a diversified portfolio of real estate assets, ensuring stable and robust cash flow with a commitment to safety and high returns.
<h2 class="wp-block-heading">Why the Yield Fund Stands Out</h2>
Cityfunds&#8217; Yield fund targets an 8% annual payout with a guaranteed floor of 7%, significantly higher than many traditional investment options. The fund is backed by collateralized real estate loans and <a href="https://finance.yahoo.com/news/home-equity-investments-become-emerging-041014938.html">home-equity agreement-backed notes</a>. With a redemption option post a 12-month lock-up and a five-year term, this fund not only offers excellent income potential but also provides the flexibility sophisticated investors seek.
<a href="https://www.benzinga.com/go/cityfunds-yield-YF">Learn more about the Yield fund.</a>
<h2 class="wp-block-heading">Cityfunds Available to Non-Accredited Investors</h2>
While the Yield fund caters exclusively to accredited investors, Cityfunds offers a variety of other <a href="https://www.benzinga.com/go/cityfunds-yf">investment opportunities available to all</a>. Whether you&#8217;re looking to invest in Dallas, Miami, Los Angeles or one of several other growing markets, each Cityfund is designed to provide investors access to diversified home equity investments across the nation&#8217;s top cities. This approach spreads your investment across multiple properties, enhancing portfolio stability and minimizing risk. <a href="https://www.benzinga.com/go/cityfunds-yf">Check out the cities you can invest in today.</a>

Visa's Strong Earnings May Be A Troubling Sign For The Economy

WIIM

Visa shares are trading higher after the company reported better-than-expected Q2 financial results.

Visa, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are trading higher after the reported its second-quarter financial results after the bell Tuesday. Here's a <a href="https://www.benzinga.com/pressreleases/24/04/b38389538/visa-fiscal-second-quarter-2024-financial-results">look at the highlights. </a>
The Details: Visa reported quarterly adjusted earnings of $2.51 per share which beat the analyst consensus estimate of $2.44 by 2.87%. 
Quarterly revenues came in at $8.775 billion, beating the analyst consensus estimate of $8.627 billion by 1.72% and representing a 9.89% over sales of $7.985 billion from the same period last year.
Payments volume increased 8% over the prior year on a constant-dollar basis. Service revenue was $4.0 billion, an increase of 7% over the prior year, and is recognized based on payments volume in the prior quarter. All other revenue categories are recognized based on current quarter activity. 
Data processing revenue rose 12% over the prior year to $4.3 billion. International transaction revenue grew 9% over the prior year to $3.0 billion. Other revenue of $756 million rose 37% over the prior year. Client incentives were $3.3 billion, up 12% over the prior year. 
Outlook:  Visa expects third-quarter net revenue growth in the low double-digits and earnings per share in the high end of low double-digits. 
The company currently expects full-year 2024 net revenue growth in the low double-digits and earnings per share growth in the the low-teens. 
Related News: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38363141/why-microstrategy-stock-is-climbing">Why MicroStrategy Stock Is Climbing</a>
V Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Visa shares are up 2.99% after-hours at $282.30 at the time of publication Tuesday.
Photo: Courtesy of Visa, Inc.

Earnings

Visa Shares Rise After Better-Than-Expected Q2 Results

Visa Currently Expects FY24 Net Revenue Growth In Low Double-Digit, EPS Growth In Low-Teens

Visa Expects Q3 Net Revenue Growth In Low Double-Digits, EPS Growth In High End Of Low Double-Digit

Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) reported quarterly Adj earnings of $2.51 per share which beat the analyst consensus estimate of $2.44 by 2.87 percent. The company reported quarterly sales of $8.775 billion which beat the analyst consensus estimate of $8.627 billion by 1.72 percent. This is a 9.89 percent increase over sales of $7.985 billion the same period last year.

Visa Q2 2024 Adj EPS $2.51 Beats $2.44 Estimate, Sales $8.775B Beat $8.627B Estimate

Stocks surged across the board on Tuesday, gaining momentum after Monday&#8217;s rebound as unexpectedly weak economic data bolstered hopes for a potential Federal Reserve rate cut <a href="https://www.benzinga.com/federal-reserve">by the end of the summer</a>.
What Happened: The S&amp;P Global&#8217;s Purchasing Managers&#8217; Index (PMI) for April indicated a significant deceleration in private sector growth—the slowest in four months—also highlighting reduced inflationary pressures <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon">from wages and services.</a>
Market-implied probabilities for a rate cut by the Fed as early as September jumped to 72%, up from 67% on Monday, according to CME Group&#8217;s FedWatch Tool. 
Meanwhile, corporate earnings have generally exceeded expectations, with investors now eagerly anticipating results from Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), slated for release after market close.
By midday trading in New York, the S&amp;P 500 climbed 1.2%, setting the stage for its best performance in over a month. The Nasdaq 100 outperformed the broader market, up 1.5%, while the Dow Jones Industrial Average saw a more modest increase of 0.6%.
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) outperformed its large-cap counterparts, jumping 1.7% and marking its most significant gain since late March.
The dollar declined by 0.4%, and Treasury yields slightly fell. In the commodities market, gold remained steady following its sharpest drop in years on Monday, while oil prices inched 1% higher. Bitcoin edged down slightly by 0.3% to $66,640.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,002.50</td>
<td>1.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,463.15</td>
<td>1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,068.20</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,468.74</td>
<td>0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:37 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.2% to $505.50, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $384.94 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.5% to $425.11, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 1.8%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) was the major laggard, down 0.5%. 
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) saw its shares surge 17% following a robust earnings beat, setting the stock on course for its best single-day performance since its 2018 IPO.</li>
<li>Other companies reacting to recent earnings were Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), up 13%, GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>),up 7.3%, Danaher Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>), up 7.3%, General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), up 5%, Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), up nearly 3%, PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>), down 2.2%, United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 2%, Xerox Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NYSE">XRX</a>), down 11%, MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>), down 14%, LKQ Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>), down 14%, Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), flat, and Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), up 0.5%, </li>
<li>Notable names reporting after the close other than Tesla Inc. and Visa, Inc. are Texas Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>), Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Canadian National Railway Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>).</li>
</ul>
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<h3>Companies Reporting Before The Bell</h3>
&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.
&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.
&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million.
&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.
&bull; GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $15.34 billion.
&bull; Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $3.85 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is projected to report quarterly earnings at $1.30 per share on revenue of $21.87 billion.
&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $1.75 billion.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is projected to report quarterly earnings at $1.52 per share on revenue of $18.08 billion.
&bull; Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) is expected to report quarterly loss at $0.18 per share on revenue of $79.61 million.
&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $66.30 million.
&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $5.67 billion.
&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $109.74 million.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $1.01 billion.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $3.27 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $5.81 per share on revenue of $15.95 billion.
&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $375.80 million.
&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $5.92 billion.
&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $181.92 million.
&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.09 billion.
&bull; Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is likely to report quarterly earnings at $1.79 per share on revenue of $4.58 billion.
&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $331.80 million.
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $5.23 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $38.05 million.
&bull; Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is projected to report quarterly earnings at $1.42 per share on revenue of $618.43 million.
&bull; Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.10 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $5.08 billion.
&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $439.87 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $205.74 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $119.93 million.
&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $81.04 million.
&bull; Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is expected to report quarterly earnings at $1.89 per share on revenue of $560.41 million.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $5.62 billion.
&bull; Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.46 billion.
&bull; Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $3.06 billion.
&bull; LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.77 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is expected to report quarterly earnings at $2.36 per share on revenue of $3.58 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Avangrid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.63 billion.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is likely to report earnings for its first quarter.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $1.88 billion.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is likely to report quarterly loss at $0.08 per share on revenue of $8.03 million.
&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $507.18 million.
&bull; Zurn Elkay Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $368.99 million.
&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $163.60 million.
&bull; KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $44.35 million.
&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $6.38 billion.
&bull; Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $283.32 million.
&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $59.03 million.
&bull; Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $740.47 million.
&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $8.62 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.34 per share on revenue of $10.29 billion.
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $3.43 per share on revenue of $4.73 billion.
&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $48.29 million.
&bull; CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $649.60 million.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $1.67 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is projected to report quarterly loss at $2.62 per share on revenue of $628.95 million.
&bull; Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $84.83 million.
&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $109.00 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $265.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $588.52 million.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $21.27 billion.
&bull; EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.63 billion.
&bull; West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $2.01 billion.
&bull; Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $148.23 million.
&bull; Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $206.78 million.
&bull; Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $83.82 million.
&bull; Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $303.41 million.
&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $189.37 million.
&bull; Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $695.20 million.
&bull; Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $831.06 million.
&bull; EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is expected to report quarterly earnings at $2.01 per share on revenue of $152.09 million.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $243.45 million.
&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.30 per share on revenue of $58.85 million.
&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $116.64 million.
&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.
&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.
&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.
&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.
&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.