Earnings Growth & Price Strength Make Visa (V) a Stock to Watch
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Visa (V)
Incorporated in 2007 as a Delaware stock corporation and headquartered in San Francisco, CA, Visa Inc. operates as a payments technology company all over the world. The company went public in March 2008 via an initial public offering (IPO). It was founded in 1958. The company has evolved and grown over the course of the last six decades
V was added to the Zacks Focus List on May 30, 2017 at $94.67 per share. Since then, shares have increased 115.02% to $203.56.
For fiscal 2022, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $7.16. V boasts an average earnings surprise of 8.4%.
Earnings for Visa are forecasted to see growth of 21.2% for the current fiscal year as well.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like V, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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