S&P 500 (NYSE:SPY) component MasterCard (NYSE:MA) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Mastercard is a multinational company whose principal business is to process payments and to provide related services to financial institutions and other customers. Its main services are in support of the credit, debit, prepaid, and related payment programs.
MasterCard Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $4.79 per share, a rise of 18.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $4.93. Between one and three months ago, the average estimate moved down. It has risen from $4.78 during the last month. Analysts are projecting profit to rise by 17.6% compared to last year’s $21.99.
Past Earnings Performance: Last quarter, the company beat estimates by 24 cents, coming in at profit of $6.17 a share versus the estimate of net income of $5.93 a share. It marked the fourth straight quarter of beating estimates.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 9.2% in revenue from the year-earlier quarter to $1.89 billion.
A Look Back: In the third quarter, profit rose 7.7% to $772 million ($6.17 a share) from $717 million ($5.63 a share) the year earlier, exceeding analyst expectations. Revenue rose 5.5% to $1.92 billion from $1.82 billion.
Here’s how MasterCard traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: