Mastercard (NYSE:MA) is scheduled to announce Q2 earnings results on Thursday, July 29th, before market open.
The consensus EPS Estimate is $1.75 (+28.7% Y/Y) and the consensus Revenue Estimate is $4.37B (+32.4% Y/Y).
The Reserve Bank of India imposed restrictions on Mastercard's Asia-Pacific division from issuing new debit, credit, or prepaid cards to its network starting July 22, citing the company's non-compliance with storage of payment system data. Mastercard currently accounts for ~33% of all card payments in India.
With consumer spending trends improving ad consumers, merchants adapting to digital payments bigtime, the quarter is expected to have better results with higher Switched transactions, which include transactions it authorized, cleared and settled.
Over the last 2 years, MA has beaten EPS estimates 88% of the time and has beaten revenue estimates 88% of the time.
Over the last 3 months, EPS estimates have seen 1 upward revision and 25 downward. Revenue estimates have seen 18 upward revisions and 7 downward.
Peer company, Visa (NYSE:V) reported FQ3 results which indicate higher payment, cross-border, processed transactions activity; stock traded down marginally.