How Mastercard's Q1 Results Compare With Rival Visa: 3 Analysts Provide Their Takes
How Mastercard's Q1 Results Compare With Rival Visa: 3 Analysts Provide Their Takes
Mastercard Inc (NYSE:MA) shares came under pressure in early trading on Thursday after the company reported its first-quarter results.
万事达卡公司（纽约证券交易所代码：MA）公布第一季度业绩后，该公司股价在周四早盘交易中承压。
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
业绩是在激动人心的财报季中公布的。以下是该新闻稿中分析师的一些主要收获。
Goldman Sachs On Mastercard
高盛在万事达卡上
Analyst Will Nance maintained a Buy rating while reducing the price target from $534 to $517.
分析师威尔·南斯维持买入评级，同时将目标股价从534美元下调至517美元。
Investors expected "more resilient trends" from Mastercard's results, Nance said in a note.
南斯在一份报告中表示，投资者预计万事达卡的业绩将出现 “更具弹性的趋势”。
The company's quarterly results were similar to Visa Inc's (NYSE:V) report, "in that ROW volumes underperformed, notably in APAC, but also more idiosyncratically in Europe, where MA continues to lap large deal implementations," he added.
该公司的季度业绩与Visa Inc（纽约证券交易所代码：V）的报告类似，“因为连续交易量表现不佳，尤其是在亚太地区，但在欧洲也更具特色，因为并购继续关注大宗交易的实施，” 他补充说。
The company guided to "high end of HSD net revenue growth (vs consensus +21.4% yoy), with -2% FX impact (low-end of LDD on a CC basis, ex acquisitions)" for the second quarter, the analyst wrote.
该分析师写道，该公司预计第二季度 “美元净收入将实现高端增长（市场预期同比增长21.4％），外汇影响为-2％（按CC计算的低端LDD，不包括收购）”。
For the full year, Mastercard expects "low-end of low double digit net revenue growth (vs 12% consensus yoy), compared to high-end of LDD previously, with +1-2% FX impact (high-end of LDD on a currency neutral, ex acquisitions basis)," he added.
他补充说，万事达卡预计，全年 “与之前的LDD高端相比，净收入的低端增长将保持在两位数的低水平（预期同比增长12％），外汇影响为+1-2％（按货币中立，不计收购计算，LDD的高端增长）”。
Check out other analyst stock ratings.
查看其他分析师股票评级。
BMO Capital Markets On Mastercard
万事达卡上的 BMO 资本市场
Analyst Rufus Hone reaffirmed an Outperform rating and price target of $510.
分析师鲁弗斯·霍恩重申了跑赢大盘的评级和510美元的目标股价。
Mastercard's results were "solid," with double-digit revenue growth, Hone said. He added the company's payment network revenue grew by 8% year-on-year ex-currency impact, driven by 22% year-on-year growth in cross-border fees and VAS growth of 15%, despite tougher prior-year comps.
霍恩说，万事达卡的业绩 “稳健”，收入增长了两位数。他补充说，尽管去年同期表现更艰难，但受跨境费用同比增长22％和增值服务增长15％的推动，该公司的支付网络收入同比增长了8％，其除外汇率影响同比增长了8％。
"In contrast to Visa's reiterated FY24 guidance, year-to-date FX headwinds drove a slight reduction in MA's FY24 guidance (currency neutral guidance was unchanged)," the analyst further wrote.
该分析师进一步写道：“与Visa重申的24财年指导方针形成鲜明对比的是，今年迄今为止的外汇不利因素推动了MA的24财年指导略有下调（货币中性指引保持不变）。”
JPMorgan On Mastercard
摩根大通在万事达卡上
Analyst Tien-tsin Huang reiterated an Overweight rating on the stock.
分析师黄天钦重申了对该股的增持评级。
Mastercard's reported its first-quarter results were ahead of expectations, "while its full-year FXN revenue guidance was reiterated, but reported outlook was lowered for FX," Huang said.
黄说，万事达卡公布的第一季度业绩超出预期，“同时重申了其全年FXN收入指导，但公布的外汇前景下调。”
"April trends were directionally consistent with Visa's showing decelerating U.S. volume (+6% vs. +7% in 1Q)," the analyst wrote. Cross-border volume growth declined by 2 percentage points to 16%, he added.
该分析师写道：“4月份的趋势与Visa显示的美国交易量减速（同比增长6％，第一季度为+7％）的方向一致。”他补充说，跨境交易量增长下降了2个百分点至16％。
MA Price Action: Shares of Mastercard had declined by 0.0023% to $442.06 at the time of publication on Thursday.
MA 价格走势：在周四发布时，万事达卡的股价已下跌0.0023％，至442.06美元。
Photo: Shutterstock
照片：Shutterstock