Discover Finl Earnings Preview
Portfolio Pulse from Benzinga Insights
Discover Financial Services (NYSE:DFS) is scheduled to release its quarterly earnings report on January 17, 2024. Analysts predict an EPS of $2.51. Investors are looking for an earnings beat and positive guidance for future growth. Historically, DFS's stock price has been sensitive to earnings performance and guidance. Last quarter, DFS missed EPS estimates by $0.56, leading to a 7.9% stock price decline. Over the past year, DFS shares have increased by 6.01%, trading at $109.53 as of January 15.
January 16, 2024 | 3:00 pm
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NEUTRAL IMPACT
Discover Financial Services is expected to report an EPS of $2.51 for the upcoming quarter. Previous earnings misses have negatively affected the stock price, with a 7.9% drop after last quarter's miss. Shares have risen 6.01% over the past year.
The expected EPS is a key indicator of the company's performance. While the stock has gained over the past year, historical data shows that earnings misses have led to significant short-term declines in DFS's stock price. The importance is high as earnings reports are critical for investors, but the score remains neutral due to the lack of information on whether the company will meet, miss, or exceed the EPS estimates this quarter.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100