Visa hasn't missed analyst earnings-per-share estimates since the fourth quarter of 2015, and its stock has outperformed the S&P 500, Dow Jones Industrial Index, and Nasdaq Composite year-to date. Of the 39 analysts covering the stock, only one rates it "sell," according to Bloomberg data.
When Visa announces its quarterly earnings on July 23, watch for purchase-volume growth, an indicator that hints at whether consumers are spending more and keeping the economy healthy.
The company may also give updates on its recently-launched B2B Connect platform, which is meant to serve business-to-business payments without relying on credit or debit cards.
Finally, Visa acquired a few service companies in June, so the report may shed light on how these added businesses may boost revenue in the future.
Here are Wall Street's quarterly estimates heading into the week: