MasterCard (MA) Tops Q1 EPS by 7c
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Go back to MasterCard (MA) Tops Q1 EPS by 7c
May 1, 2024 4:41 PM EDT
Evercore ISI analyst David Togut lowered the price target on MasterCard (NYSE: MA) to $540.00 (from $545.00) while maintaining a Outperform rating.
The analyst comments "Following the 1Q24 earnings call, trimming our 2024-2026 EPS estimates primarily on FX headwinds. For 2024, MA maintained their FX neutral... More
May 1, 2024 8:24 AM EDT
(Updated - May 1, 2024 12:22 PM EDT)
Mastercard (NYSE: MA) shares opened lower Wednesday following the companys print for the fiscal Q1, where it reported worse-than-expected revenue and operating margin.
The payments processing giant posted Q1 earnings per share (EPS) of $3.31, ahead of the consensus estimates of $3.24. However, the company's revenue of $6.3 billion fell slightly short of the projected $6.34 billion.
The operating margin for the quarter was 56.8%, below the expected 58.3%.
Gross Dollar Volume also missed expectations, totaling $2.29 trillion compared to the... More
