Discover Financial Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Discover Financial Services (NYSE:DFS) is set to release its Q4 earnings after market close on Jan. 17, 2023. Analysts predict a decrease in earnings per share to $2.51 from $3.77 year-over-year, but an increase in revenue to $4.10 billion from $3.73 billion. The company is considering the sale of its Discover Student Loans portfolio. Recent analyst ratings have varied, with price targets ranging from $99 to $133. DFS shares slightly rose by 0.1% to close at $109.66 on Tuesday.
January 17, 2024 | 3:20 pm
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Discover Financial Services is anticipated to report lower Q4 earnings per share but higher revenue. Analysts have mixed views, with recent upgrades and downgrades. The company is exploring the sale of its student loans portfolio.
The expected decrease in EPS could be a negative signal to investors, while the increase in revenue could offset concerns. The mixed analyst ratings and the potential sale of the student loans portfolio add uncertainty, making the short-term impact neutral.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100