Have you been eager to see how Mastercard Incorporated (MA – Free Report) , a technology company in the global payments industry, performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from Purchase, NY-based Company’s earnings release this morning:

An Earnings Beat

Mastercard reported earnings per share of $1.01 per share, beating the Zacks Consensus Estimate of 94 cents.

Increased revenues primarily aided earnings beat.

How Was the Estimate Revision Trend?

You should note that the earnings estimate for Mastercard depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at 94 cents over the last 7 days.

Mastercard has a decent earnings surprise history. Overall, the company surpassed the Zacks Consensus Estimate by an average of 6.4% in the trailing four quarters.

Mastercard Incorporated Price and EPS Surprise

Mastercard Incorporated Price and EPS Surprise | Mastercard Incorporated Quote

Revenue Came Higher Than Expected

Mastercard’s revenues of $2.73 billion outperformed the Zacks Consensus Estimate of $2.64 billion. Also, it increased 11.8% year over year.

Key Takeaways 

•  The company reported an increase in cross border volumes of 13%.
•  Switched transactions increased 17% to $14.7 billion.
•  Total operating expenses were $1.2 billion up 11.8% year over year.
•  During the reported quarter, Mastercard repurchased about 9 million shares at a cost of $1 billion.

Print Friendly, PDF & Email

Related Posts