Visa Offers Bullish Post-Earnings Trading History for Longs


Shutterstock photo

Visa ( V ) is due with its Q2 results in the extended-hours today, and analysts polled by Capital IQ expect the company to report a profit of $0.79 per share on revenue of $4.29 billion.

Visa has demonstrated a tendency to see its earnings-driven extended-hours moves post sharp reversals in follow-on regular session trade, particularly on the downside - a factor that favors longs. It favors next day widening when it posts earnings-driven extended-hours gains.

Looking deeper into the performance data, Visa has recorded an earnings-driven after-hours decline in 18 quarters we've tracked, reversing direction the following day in 11 of those events, or 61% of the time. With this decent level of consistency on the downside, longs should be watching any negative moves to gain insight into where potential floor supports could form.

On the plus-side, Visa has recorded and earnings-driven after-hours gain in 18 quarters, and it has widened its evening performance the following day in 11 of those events, or 61% of the time.

On Feb. 2, 2017, Visa gained 3.5% in post-market trade after topping Q1 expectations. The stock added to gains the next day, closing the Feb. 3 regular session up 4.5%.

On Oct. 24, 2016, Visa slipped 0.2% in after-hours action despite topping Q4 Street estimates. The stock moved lower the following day, closing the Oct. 25 regular session down 1.3%.

On July 21, 2016, Visa edged up 0.5% in night trade after beating Q3 earnings expectations, missing on revenue and approving a new $5 billion stock buyback program. The stock firmed higher the next day, closing the July 22 regular session up 1.4%.

On April 21, 2016, Visa declined 4.2% in after-hours trade after posting better-than-expected Q2 results and in-line sales. The stock narrowed its downside the next day, ending the April 22 regular session off 1.9%.

On Jan. 28, 2016, Visa gained 1.1% in night trade after beating Q1 EPS expectations and coming in shy on revenue. The stock jumped higher the next day, closing the Jan. 29 regular session up 7%.

On Nov. 2, 2015, Visa declined 3.3% in pre-market trade after just missing Q4 EPS estimates. The stock cut its downside slightly in that day's regular session, closing down 3%.

On July 23, 2015, Visa gained 7.1% in after-hours trade after beating Q3 expectations. The stock cut its advances the next day, closing the July 24 regular session up 4.2%.

On April 30, 2015, Visa declined 1.2% in night trade despite topping Q2 expectations. The stock narrowed its downside in the May 1 regular session, closing down 0.4%.

On Jan. 29, 2015, Visa advanced 3.9% in evening trade after beating Q1 estimates and declaring a stock split. The stock narrowed its gains the next day, ending up 2.7%.

On Oct. 29, 2014, Visa gained 3.8% in after-hours trade after topping Q4 Street estimates. The stock soared the next day, advancing 10.2% by the close on Oct. 30.

On July 24, 2014, Visa declined 3.5% in after-hours trade despite topping Q3 expectations. The stock dipped slightly lower the next day, closing the July 25 regular session down 3.6%.

On April 24, 2014, Visa dropped 4% in night trade after posting a Q2 revenue miss. The stock added modestly to its downside the following day, closing the April 25 regular session down 5%.

On Jan. 30, 2014, Visa advanced 3.9% in pre-market trade after beating Q1 expectations. The stock cut its upside in that day's regular session, ending with a 1.7% gain.

On Oct. 30, 2013, Visa declined 2.9% in evening trade after missing Q4 expectations. The stock headed lower the next day, closing the Oct. 31 regular session off 3.5%.

On July 24, 2013, Visa gained 2.2% in after-hours trade after posting better-than-expected Q3 results. The stock moved higher the next day, ending the July 25 regular session up 4.2%.

On May 5, 2013, Visa gained 2.1% in after-hours trade after topping Q2 estimates. The stock surged higher the next day, ending up 5.6% in the May 2 regular session.

On Feb. 6, 2013, Visa declined 1% in after-hours trade after beating on Q1 earnings, meeting on revenue, affirming its outlook and approving a stock buyback. The shares moved deeper in the red the next day, closing the Feb. 7 regular session off 2.3%.

On Oct. 31, 2012, Visa gained 1.1% in night trade after topping Q4 estimates. The stock moved higher the next day, closing the Nov. 1 regular session up 3.7%.

On July 25, 2012, Visa advanced 1.4% in after-hours trade after beating Q3 estimates and approving a stock buyback plan. The stock added to its upside the following day, ending the July 26 regular session up 3.7%.

On May 2, 2012, Visa declined 2.9% in after-hours trade despite topping Q2 estimates. The stock added to its downside the next day, closing the May 3 regular session off 4.7%.

On Feb. 8, 2012, Visa advanced 3% in night trade on the back of better-than-expected Q1 results. The stock edged higher the next day, closing with a 3.7% gain on Feb. 9.

On Oct. 26, 2011, Visa declined 1.8% in evening trade after posting mixed Q4 results, hiking its stock buyback, and reaffirming its outlook. The stock reversed direction the next day, closing the Oct. 27 regular session up 2.6%

On July 27, 2011, Visa edged up 0.3% in night trade after beating Q3 earnings estimates, meeting on revenue, and setting a $1 billion stock buyback. The issue saw its upside evaporate the next day, closing the July 28 regular session down 0.9%.

On May 5, 2011, the stock fell 1.3% after a narrow earnings beat. Shares rebounded to post a 0.9% gain the next day.

On Feb. 2, 2011, Visa slipped 0.8% in after-hours trade after beating Q1 earnings estimates and meeting on revenue. The stock narrowed its downside the following day, closing the Feb. 3 regular session off 0.6%.

On Oct. 27, 2010, Visa shares declined 2.2% in evening trade despite an earnings beat, and announcing a raised dividend and a share buyback plan. The stock added to its downside the following day, closing the Oct. 28 regular session off 4.3%.

On July 28, 2010, the stock edged up 0.2% after earnings comparable to the year-ago quarter and firmer revenue. Shares fell 4.2% the next day.

On April 28, 2010, the stock fell 1.4% during extended-hours trading despite a Q2 beat. Shares fell a smaller 0.8% the next day.

On Feb. 3, 2010, the stock gained 2.9% in night trade after a Q1 beat. Shares fell 0.5% the next day.

On Oct. 27, 2009, the stock was up 2.5% during evening trading after a Q4 beat and announced share buyback. The stock rose by a stronger 3.6% the next day.

On July 29, 2009, Visa slipped 0.9% in after-hours trade after posting better-than-expected Q3 earnings but offering mixed guidance. The stock rebounded in the following day's regular session, ending up 1.1% on July 30.

On April 29, 2009, the stock slipped 0.7% despite a Q2 beat. Shares rebounded to gain 2.2% the next day.

On Feb. 4, 2009, the stock gained 7.7% after a Q1 beat. Shares were up a stronger 9.3% the next day.

On Oct. 29, 2008, Visa slipped 0.5% in after-hours trade despite beating Wall Street's estimates. The stock found firmer footing the next day, rising 7% by the closing bell on Oct. 30.

On July 30, 2008, Visa advanced 1.3% in after-hours trade after reporting better-than-expected earnings and sales results. The modest advance was washed out the next day as Visa tumbled 6.9% by the closing bell on July 31.

On April 28, 2008, Visa was hit for 6.1% decline in night trade despite beating Q2 expectations. Buyers flocked to the stock the next day and lifted it firmly into the green, closing out the April 29 regular session with a 6.9% gain.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Investing Ideas


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:








Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com