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Mastercard Q4 results announced

27 January 2023 By Klavs Valters

Share

Mastercard Inc. (NYSE: MA) announced the latest financial results for the previous quarter before the market open on Thursday.

World’s third largest financial services company beat both revenue and earnings per share (EPS) estimates for Q4 2022.

The company reported revenue of $5.817 billion vs. $5.793 billion estimate.

EPS at $2.65 per share in Q4 vs. $2.575 per share expected.

CEO commentary

”We closed out the year with strong financial results and notable wins which will help us capitalize on the tremendous secular shift to digital payments,” Michael Miebach, CEO of the company said in a press release.

”As we look at the broader economy, we see the continued recovery of cross-border travel, with volumes up 59% versus a year ago and we’re encouraged by Asia opening up further. While macroeconomic and geopolitical uncertainty persists, consumer spending has been remarkably resilient. We are well prepared to adjust our investment profile quickly if needed,” Miebach concluded.

Stock reaction

Share price of Mastercard dipped by around 2% on Thursday, trading at around $374 a share.

Stock performance

  • 1 month: +7.91%
  • 3 months: +17.65%
  • Year-to-date: +8.06%
  • 1 year: +7.19%

Mastercard stock price targets

  • Baird: $410
  • Barclays: $427
  • Truist Securities: $450
  • Jefferies: $430
  • Keybanc: $425
  • UBS: $441
  • Wells Fargo: $405
  • Mizuho: $380
  • Morgan Stanley: $437

Mastercard is the 19th largest company in the world with a market cap of $363.31 billion.

You can trade Mastercard Inc. (NYSE: MA) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

Sources: Mastercard Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.