A Peek at Discover Finl's Future Earnings

Discover Finl (NYSE:DFS) will release its quarterly earnings report on Wednesday, 2024-10-16. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Discover Finl to report an earnings per share (EPS) of $3.36.

The announcement from Discover Finl is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings Track Record

Last quarter the company beat EPS by $2.99, which was followed by a 1.05% increase in the share price the next day.

Here's a look at Discover Finl's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

3.07

2.95

2.51

3.15

EPS Actual

6.06

1.10

1.54

2.59

Price Change %

1.0%

4.0%

-11.0%

-8.0%

Stock Performance

Shares of Discover Finl were trading at $147.31 as of October 14. Over the last 52-week period, shares are up 61.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Discover Finl

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Discover Finl.

The consensus rating for Discover Finl is Neutral, derived from 5 analyst ratings. An average one-year price target ...