MasterCard’s International Growth Can Drive The Stock To New Highs Next Year | Seeking Alpha
MasterCard’s International Growth Can Drive The Stock To New Highs Next Year
My article on MasterCard (MA) for Seeking Alpha
Shares of MasterCard (NYSE:MA) have been an underperformer for 2014 with a year to date loss of 14.53% vs. the S&P 500’s SPX 1.59% gain. The correction in the stock isn’t related to a decline in the fundamentals either since they not only reported better Q1 and Q2 results on a year over year basis (top and bottom line), but also beat Wall Street consensus estimates. However, it does have to do with the stock soaring 70.68% in 2013 (more than double the rise in the S&P 500). The stock had simply gotten ahead of itself and needed to take a breather. Revenue has been growing 10-13% recently and is expected to do so in the upcoming years too. Earnings growth has been even more impressive at an annual rate into the mid-to-high teens and analyst estimates are looking for 19.3% in 2015…Click here to read the rest of the article.