Recap: Capital One Finl Q4 Earnings
Portfolio Pulse from Benzinga Insights
Capital One Financial (NYSE:COF) reported Q4 earnings with an EPS of $2.24, missing the estimate of $2.64 by 15.15%. Revenue increased by $466 million from the same period last year. In the previous quarter, COF beat EPS estimates which led to a 9.19% rise in share price the following day.
January 25, 2024 | 9:10 pm
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NEGATIVE IMPACT
Capital One Financial reported lower than expected Q4 earnings with an EPS of $2.24, missing the estimate by 15.15%, but showed an increase in revenue compared to last year.
Missing the EPS estimate by a significant margin is likely to have a negative impact on investor sentiment and the stock price in the short term, despite the increase in revenue. Historical data shows that beating earnings estimates can positively affect the stock price, as seen in the previous quarter with a 9.19% increase. The miss may reverse this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100