Mastercard slated to report earnings before the bell

Mastercard is scheduled to report third-quarter earnings before the bell Tuesday.

Here's what Wall Street is expecting, according to Refinitiv consensus estimates:

  • Earnings per share: $2.01
  • Revenue: $4.42 billion

In the year-earlier period, Mastercard reported third-quarter adjusted net income of $1.90 billion, or $1.78 per adjusted share, and net revenue of $3.9 billion.

The company reported net revenue of $4.10 billion for this year's second quarter, and an adjusted net income of $1.90 billion, or $1.89 per share. Net revenue grew by 12% year over year during the second quarter in part due to an increase in switched transactions, cross-border volumes and gross dollar volume.

During the second quarter, Mastercard's gross dollar volume, the dollar value of transactions processed, rose 13% to $1.60 trillion. That gain could be attributed to strong consumer spending and retail sales growth in the reporting period.

But weaker data readouts during the third quarter could be reflected in Mastercard's top and bottom line.

U.S. retail sales dropped 0.3% in September, the first decline in seven months, which could signal a weaker consumer. Economists polled by Reuters predicted that U.S. retail sales would climb 0.3% in September. Consumer confidence data also missed expectations for September, coming in at 125.1 as compared with the 133 estimated.

According to FactSet, 30 analysts have a buy or overweight rating on shares of Mastercard as of Tuesday morning. The average target price of all analysts surveyed by FactSet is $309.47.

This story is developing. Please check back for updates.

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