Mastercard (NYSE:MA) shares snapped six straight days of gains as the stock closed 0.84% lower, at $563.49 on Tuesday.
The credit card company gained 2.46% in the last six trading days. The stock closed 0.01% higher, at $568.28 on Monday.
The stock has gained 7.88% so far this year, compared to an over 8% gain in the broader benchmark index. MA is up 3% over the past one month.
Mastercard is set to announce Q2 results before the open on Thursday. The company’s Q2 gross dollar volume is projected to climb 9.3% Y/Y to $2.63T, a marked improvement from the 0.5% increase it saw in Q1.
Mastercard Q2 adjusted EPS is projected to be $4.02, up 12% Y/Y, and revenue is expected to grow 14% to $7.98B.
There has been much talk about whether stablecoins will threaten Visa and Mastercard’s dominance of the card payment space, but that’s not likely to hurt this quarter’s earnings. Both, though, are striking stablecoin partnerships to participate in the nascent technology.
In Mastercard’s (MA) earnings, SA Analyst Agar Capital will be looking for revenue dynamics from value-added services, any comments on the expansion of its USDG project, and the evolution of client incentives.
Agar rates the stock a Buy, saying the company’s optionality in stablecoins, AI, and real-time payments is underappreciated.