Core Insights - Discover (DFS) reported $4.45 billion in revenue for Q3 2024, a year-over-year increase of 10.1% and an EPS of $3.69 compared to $2.59 a year ago, exceeding both revenue and EPS consensus estimates [1] Financial Performance Metrics - Credit Card Loans - Discover Card Sales Volume was $53.38 billion, below the estimated $54.39 billion [2] - Net Interest Margin stood at 11.4%, slightly above the average estimate of 11.3% [2] - Operating Efficiency was reported at 38%, exceeding the average estimate of 36.2% [2] - Net Principal Charge-off Rate was 4.9%, matching the average estimate [2] - Total Discover Card Volume reached $56.59 billion, below the estimated $58.03 billion [2] - Total Payment Services Network Volume was $100.47 billion, slightly above the average estimate of $99.85 billion [2] - Diners Club International Network Volume was $10.39 billion, exceeding the estimated $10.08 billion [2] - Network Partners Volume was $7.51 billion, below the average estimate of $9.59 billion [2] - PULSE Network Volume was $82.57 billion, above the estimated $80.67 billion [2] - Transactions Processed on Discover Network totaled 954 million, below the estimated 990.33 million [2] - Tier 1 Risk Based Capital Ratio was 13.5%, above the average estimate of 13.3% [2] - Total Transactions Processed on Networks was 3.38 billion, matching the estimated figure [2] Stock Performance - Discover shares returned +7% over the past month, outperforming the Zacks S&P 500 composite's +3.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Discover (DFS) came out with quarterly earnings of $3.69 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $2.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this credit card issuer and lender would post earnings of $3.06 per share when it actually produced earnings of $6.06, delivering a surprise of 98.04%.Over the last four quarters ...

Earnings Estimate Revisions - Discover Financial Services (DFS) is seeing favorable earnings estimate revisions, which is a precursor to an earnings beat [1] - The Most Accurate Estimate for the current quarter is $3.44 per share, compared to the Zacks Consensus Estimate of $3.29 per share, indicating a Zacks Earnings ESP of +4.84% [1] Zacks Earnings ESP and Market Performance - A positive Zacks Earnings ESP has historically been powerful in producing positive earnings surprises and outperforming the market [2] - Stocks with a positive Earnings ESP and a Zacks Rank 3 (Hold) or better show a positive surprise nearly 70% of the time and have returned over 28% on average in annual returns [2] Investment Consideration - Given DFS has a Zacks Rank 3 and a positive Earnings ESP, it may be a stock to consider ahead of earnings [2] - Recent earnings estimate revisions suggest potential positive outcomes for Discover Financial in the upcoming report [2]

Discover Financial Services (DFS) is scheduled to release third-quarter 2024 results on Oct. 16, after the closing bell. The Zacks Consensus Estimate for the quarter’s earnings per share is pegged at $3.29, which indicates an improvement of 27% from the prior-year quarter’s reported number. Higher net interest income and non-interest income, driven by receivable growth and higher PULSE transactions, are expected to have benefited its quarterly performance, partially offset by elevated compensation expenses. ...

The upcoming report from Discover (DFS) is expected to reveal quarterly earnings of $3.29 per share, indicating an increase of 27% compared to the year-ago period. Analysts forecast revenues of $4.36 billion, representing an increase of 7.8% year over year.Over the last 30 days, there has been an upward revision of 3.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of th ...

Discover (DFS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 16, 2024, might help the stock move higher if these key numbers are better than e ...

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Discover Financial Services (NYSE: DFS ) is a well-known online banking and credit card company. After announcing in February plans to enter an all-stock merger with Capital One ( COF ), those plans have been derailed by resistance from federalMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of ...

Core Insights - Cash-back credit cards are effective tools for saving money on everyday expenses, offering rewards ranging from 2% to 6% on various categories such as groceries, gas, and dining [1][51] - The best cash-back cards can yield annual rewards of approximately $400 to $500, providing a buffer against rising costs [1] Group 1: Best Cash-Back Credit Cards - Chase Freedom Unlimited is highlighted as the best overall cash-back card, featuring a $0 annual fee, a welcome bonus of $200 after spending $500 in the first 3 months, and a rewards structure that includes 5% cash back on travel purchased through Chase Travel [4][5][6] - Blue Cash Preferred Card from American Express is noted for its 6% cash back on U.S. supermarkets (up to $6,000 annually), with a potential annual cash back of $590.65 after the annual fee [10][14] - Capital One Savor Cash Rewards Credit Card excels in dining out, offering 3% cash back on dining and entertainment, with a potential annual cash back of $513.90 [23][29] Group 2: Cash-Back Structures - Cash-back cards typically offer between 2% and 6% cash back across various bonus categories, with 1% on all other purchases [51][90] - Flat cash-back cards provide a fixed earning rate, making them suitable for users with diverse spending habits [53][54] - Tiered cash-back cards allow users to earn different amounts across various spending categories, often with spending caps [55][56] Group 3: Key Features and Benefits - Many cash-back cards come with no annual fee, making them accessible for consumers looking to maximize savings on everyday purchases [60][61] - Welcome offers often include cash bonuses for meeting spending thresholds within a specified timeframe, enhancing the card's initial value [62][63] - Some cards provide additional benefits such as 0% introductory APR on purchases and balance transfers, which can help manage existing debt [63][64]

Core Insights - Discover's cash-back program offers 5% cash back on rotating categories, with Q4 2025 focusing on Amazon.com and drug stores, applicable to the first $1,500 in combined purchases when activated [3][4][47] Group 1: Q4 2025 Cash-Back Categories - Cardholders can earn 5% cash back on purchases made at Amazon.com and drug stores from October 1 to December 31, 2025 [3][4] - The Amazon category includes purchases from Amazon.com, Amazon Fresh, Amazon Local Deals, and Amazon Go stores, but excludes Whole Foods Market [4] - Drug store purchases can include standalone stores and online pharmacies, but not pharmacies located within other retailers like Target or Walmart [5][6] Group 2: Activation and Earning Potential - To earn the 5% cash back, cardholders must activate the offer each quarter, with the potential to earn $75 quarterly or $300 annually by spending the maximum [9][10][44] - The cash-back categories rotate quarterly, providing opportunities to align spending with the promotional categories [13][14] Group 3: Discover Credit Card Features - Discover offers three cash-back credit cards with rotating categories, all featuring the same rewards program [17][18] - The Discover it® Cash Back Credit Card has no annual fee and offers a welcome bonus of matching all cash back earned at the end of the first year [20][21] - The card provides 5% cash back on rotating categories and 1% on all other purchases, with cash back not expiring for the life of the account [22][23]