Yahoo Finance MasterCard (MA) Stock Moves -0.08%: What You Should Know
MasterCard (MA) closed the most recent trading day at $462.11, moving -0.08% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.46%. Meanwhile, the Dow experienced a drop of 0.98%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The processor of debit and credit card payments's stock has dropped by 3.23% in the past month, exceeding the Business Services sector's loss of 5.21% and lagging the S&P 500's loss of 3.04%.
Market participants will be closely following the financial results of MasterCard in its upcoming release. The company plans to announce its earnings on May 1, 2024. The company is expected to report EPS of $3.22, up 15% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.33 billion, up 10.05% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $14.35 per share and revenue of $28.09 billion, which would represent changes of +17.05% and +11.94%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for MasterCard. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% lower. MasterCard is currently a Zacks Rank #3 (Hold).
Investors should also note MasterCard's current valuation metrics, including its Forward P/E ratio of 32.23. This valuation marks a premium compared to its industry's average Forward P/E of 14.4.
Also, we should mention that MA has a PEG ratio of 1.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial Transaction Services industry had an average PEG ratio of 1.17 as trading concluded yesterday.
The Financial Transaction Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Mastercard Incorporated (MA) : Free Stock Analysis Report
