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MarketScreener Homepage  >  Equities  >  Nyse  >  MasterCard    MA

MASTERCARD

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Mastercard : 2Q Revenue Falls, Hurt by Covid-19 Pandemic

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07/30/2020 | 08:40am EDT

By Allison Prang

 

Mastercard Inc.'s revenue in the second quarter tumbled as the Covid-19 pandemic continued to weigh on business, the company reported Thursday.

Mastercard said its revenue fell 19% from a year earlier, to $3.34 billion. The company's top line beat the consensus estimate from Wall Street of $3.25 billion, according to FactSet.

The revenue drop was in part from a slump in gross-dollar volume, or the value of card transactions, which fell 10% on a local currency basis. Also leading to the decline in revenue was a downturn in cross-border volume, which slid 45% on a local currency basis, and switched transactions, which fell 10%.

The company reported earnings of $1.42 billion, or $1.41 a share, for the quarter ended in June. Those earnings declined from $2.05 billion, or $2 a share, a year ago.

Adjusted earnings were $1.36 a share. Wall Street expected $1.16 a share, according to FactSet.

For the quarter, the company recorded a $22 million litigation provision. Those charges were related to fees and litigation settlements with merchants in the U.K. and Pan-Europe, Mastercard said.

 

Write to Allison Prang at allison.prang@wsj.com

 

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Financials (USD)
Sales 2020 15 658 M - -
Net income 2020 6 612 M - -
Net Debt 2020 1 103 M - -
P/E ratio 2020 49,6x
Yield 2020 0,45%
Capitalization 327 B 327 B -
EV / Sales 2020 20,9x
EV / Sales 2021 17,5x
Nbr of Employees 18 600
Free-Float 62,6%
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Technical analysis trends MASTERCARD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Average target price 344,06 $
Last Close Price 326,19 $
Spread / Highest target 18,9%
Spread / Average Target 5,48%
Spread / Lowest Target -16,6%
EPS Revisions
Managers
NameTitle
Ajaypal S. Banga Chief Executive Officer & Director
Michael E. Miebach President & Chief Executive Officer-Elect
Richard Neil Haythornthwaite Chairman
Edward McLaughlin President-Operations & Technology
Sachin J. Mehra Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
MASTERCARD9.24%326 536
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PALO ALTO NETWORKS, INC.13.11%25 232
AVAST PLC28.20%7 786
MIMECAST LIMITED5.80%2 803