The headline numbers for Discover (DFS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Discover (DFS) came out with quarterly earnings of $3.69 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $2.59 per share a year ago.
Discover Financial's third-quarter profit jumped 43% as the U.S. credit card issuer's net interest income climbed and its provisions for potential sour loans fell, the company said on Wednesday.
Discover Financial (DFS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
DFS' third-quarter results are likely to reflect benefits of an improved net interest margin and growth in PULSE transactions.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Discover (DFS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Discover (DFS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Discover Financial Services offers high profitability, capital returns, and growth prospects, driven by its focus on high-margin credit card operations. DFS's robust capital position, profitability, and growing loan book provide upside potential, despite a temporary pause in dividend growth and share buybacks due to the Capital One merger. Trading below its historical P/E, DFS offers a 2% dividend yield, a 10% buyback yield, and potential earnings growth from synergies with Capital One assets.
Discover Financial Services enjoys consistent growth, a healthy balance sheet in spite of a merger that may not go through. Declining credit losses and the exit of the student loan portfolio are expected to improve DFS's risk profile and financial performance. Continued growth, combined with the effects of a return to buybacks, should increase EPS over time and allow for attractive returns at today's price.
Discover (DFS) reported earnings 30 days ago. What's next for the stock?
Discover Financial stock (NYSE: DFS) has gained 26% YTD, as compared to the 17% rise in the S&P500 over the same period. In sharp contrast, Discover Financial's peer Capital One (NYSE: COF) is up 15% YTD.
Discover Financial Services DFS reported better-than-expected second-quarter earnings results, after the closing bell on Wednesday.