Capital One Finl Q4 Sales $9.50B Beat $9.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
Capital One Financial Corp. (COF) reported Q4 earnings of $2.24 per share, missing the consensus estimate of $2.64 by 15.15%. However, their quarterly sales of $9.50B exceeded the estimate of $9.46B by 0.40% and marked a 5.09% increase from the same period last year.
January 25, 2024 | 9:07 pm
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NEUTRAL IMPACT
Capital One's Q4 earnings per share fell below analyst expectations, but revenue slightly exceeded forecasts and showed year-over-year growth.
The miss in earnings per share could negatively impact investor sentiment, but the beat on revenue and year-over-year growth may offset this. The mixed results lead to a neutral short-term impact score, as the market may have differing views on the importance of earnings versus sales.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100