Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Discover Financial Services (NYSE:DFS) is set to release its Q1 earnings on April 17, 2024, with analysts forecasting a decrease in EPS to $2.95 from $3.58 year-over-year, but an increase in revenue to $4.07 billion from $3.67 billion. The company recently partnered with Google Cloud to integrate generative AI in customer care. Shares dropped 1.4% to $119.57. Analysts have updated their ratings, with price targets ranging from $104 to $168.
April 17, 2024 | 2:08 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Discover Financial is anticipated to report a decrease in EPS but an increase in revenue for Q1 2024. The company's strategic partnership with Google Cloud and recent analyst ratings adjustments could influence its stock performance.
The expected decrease in EPS might concern investors, but the increase in revenue and strategic partnership with Google Cloud indicates growth and innovation, potentially balancing the stock's short-term outlook. Analyst ratings show a mixed but generally positive view, suggesting varied investor expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100