06:52 AM EDT, 04/23/2024 (MT Newswires) -- Visa (V) is due with its Q2 results in the extended hours today, and analysts polled by Capital IQ expect the company to report a profit of $2.43 per share on revenue of $8.6 billion.

Visa has demonstrated a tendency to see its earnings-driven extended-hours moves post sharp reversals in follow-on regular session trade, particularly on the downside - a factor that favors longs. It favors next-day widening when it posts earnings-driven extended-hours gains.

Looking deeper into the performance data, Visa has recorded an earnings-driven after-hours decline in 32 quarters we've tracked, reversing direction the following day in 18 of those events, or 56% of the time.

On the plus-side, Visa has recorded an earnings-driven after-hours gain in 32 quarters, and it has widened its evening performance the following day in 20 of those events, or 63% of the time.