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Earnings Growth & Price Strength Make Visa (V) a Stock to Watch

·2 min read

Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.

Let's now take a look at one standout stock that could be a perfect fit for your portfolio.

Why You Should Pay Attention to Visa (V)

Incorporated in 2007 as a Delaware stock corporation and headquartered in San Francisco, CA, Visa Inc. operates as a payments technology company all over the world. The company went public in March 2008 via an initial public offering (IPO). It was founded in 1958. The company has evolved and grown over the course of the last six decades

V was added to the Zacks Focus List on May 30, 2017 at $94.67 per share. Since then, shares have increased 128.36% to $216.19.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.02 to $7.17. V also boasts an average earnings surprise of 8.4%.

Moreover, analysts are expecting Visa's earnings to grow 21.3% for the current fiscal year.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like V offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.


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