Wall Street expects Mastercard Inc (NYSE:MA) to report $3.23 in earnings per share, and $6.3 billion in revenues for its first-quarter earnings report, set to be announced on Wednesday before market hours. Mastercard has a history of exceeding Wall Street’s earnings expectations. The credit card giant is expected to have strong earnings in the first quarter of 2024. The company is likely to continue benefiting from high transaction volumes due to rising consumer spending fueled by real wage and income growth. Let’s look at what the charts indicate for Mastercard stock, and how the stock currently maps against Wall Street estimates. Mastercard Stock Trend Strongly Bearish Chart: Benzinga Pro The share price is currently trading below its 5, 20, and 50-day exponential moving averages. This indicates selling pressure and suggests a risk of further bearish movement.