William Blair Comments on MasterCard (MA)

William Blair analyst Cristopher Kennedy reiterated an Outperform rating on MasterCard (NYSE: MA)

The analyst comments "We are moderating our 2024 and 2025 adjusted EPS estimates to account for March-quarter results ($0.06 per share of upside) and to incorporate incremental FX-related headwinds, which are expected to impact revenue by 1%-2% (versus no impact previously). Revenues in the June quarter are expected to grow at the high end of high single digits (versus our prior estimate of 13% growth), due to 2 points of FX-related headwinds. Importantly, management affirmed 2024 guidance on a currency-neutral basis. Our 2024 estimate goes to $14.27 (from $14.60) and our 2025 estimate goes to $16.50 (from $16.85); shares trade at 31 times our 2024 EPS estimate. We reiterate our Outperform rating."

For an analyst ratings summary and ratings history on MasterCard click here. For more ratings news on MasterCard click here.

Shares of MasterCard closed at $441.10 yesterday.

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