Mastercard Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Mastercard Incorporated MA is set to release earnings results for its first quarter before the opening bell on May 1, 2024.

Analysts expect the Purchase, New York-based company to report quarterly earnings at $3.02 per share, up from $2.8 per share in the year-ago period. Mastercard is projected to report quarterly revenue of $5.92 billion, up from $5.75 billion in the year-earlier quarter, according to data from Benzinga Pro.

Mastercard, last month, unveiled a strategic realignment of its teams to focus on Core Payments, Commercial and new Payment Flows, and Services.

Mastercard shares fell 1.3% to close at $451.20 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Baird analyst David Koning maintained an Outperform rating and boosted the price target from $525 to $545 on April 19. This analyst has an accuracy rate of 77%.
• JP Morgan analyst Tien-Tsin Huang maintained an Overweight rating and raised the price target from $504 to $520 on April 15. This analyst has an accuracy rate of 64%.
• Jefferies analyst Trevor Williams maintained a Buy rating and raised the price target from $520 to $540 on March 8. This analyst has an accuracy rate of 63%.
• Wells Fargo analyst Donald Fandetti maintained an Overweight rating and increased the price target from $490 to $530 on March 6. This analyst has an accuracy rate of 71%.
• BMO Capital analyst Rufus Hone maintained an Outperform rating and boosted the price target from $480 to $490 on Feb. 1. This analyst has an accuracy rate of 78%.

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