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 ...
