Visa (V) Increases Despite Market Slip: Here's What You Need to Know

Visa stock rose 1.3% to $375.28, outperforming the broader market decline. The company is expected to report Q3 EPS of $3.43 (up 15.1% YoY) and revenue of $12.07 billion (up 12.56% YoY). For the full year, Visa projects earnings of $13.16 per share and revenue of $45.83 billion. However, the stock trades at a premium valuation with a Forward P/E of 28.15 versus the industry average of 13.14, and holds a Zacks Rank of #3 (Hold).