Multinational payment card services provider Visa (NYSE:V) continues to perform as a consistently reliable blue-chip enterprise. On a year-to-date basis, V stock has gained just over 10%, which is a modest but noticeable improvement over the benchmark S&P 500 index. At the same time, broader economic concerns cloud the company, which is set to release its results for the fiscal third quarter near month's end. Still, the unusual circumstances may present a bullish edge for speculators.
On July 29, Visa is scheduled to disclose its financial results, with Wall Street analysts anticipating earnings per share of $2.83 on revenue of $9.82 billion. In the year-ago quarter, the financial services giant posted earnings of $2.42 per share with a top-line print of $8.9 billion. What should boost confidence for investors is that Visa commands a long history of earnings beats.
