It’s been an unusually bumpy spell for Visa (V:NYSE) since finding itself threatened with being hauled over the regulatory coals.

In September, the US Department of Justice launched a lawsuit against the credit and debit cards colossus over claims that Visa has been unfairly monopolising its debit cards power in the US, accusing the company of engaging in anti-competitive conduct to maintain its dominance, including exclusive agreements that hinder rivals and prevent technology companies from entering the market.

The news saw around $30 billion swiped off Visa’s market cap as the stock plunged below $270, yet the stock’s rebound has been swift, with almost all those losses now recovered.

Even so, the lawsuit will be a key talking point when Visa reports third quarter 2024 earnings (29 October), and it could make for a lively analyst call, with Wall Street number crunchers seeking guidance on the potential for restrictions to growth if the case goes against it.

In the meantime, analysts are forecasting earnings per share of $2.58, up about 11% year-on-year, on revenue of about $9.5 billion. Meeting or beating those estimates will be a handy confidence booster for investors. 

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