Discover (DFS) came out with quarterly earnings of $1.54 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $3.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -38.40%. A quarter ago, it was expected that this credit card issuer and lender would post earnings of $3.15 per share when it actually produced earnings of $2.59, delivering a surprise of -17.78%.Over the last four quarte ...

Shares of Discover Financial Services slid after hours on Wednesday after the credit-card giant reported fourth-quarter profit that missed expectations and said it has set aside more money to cover potentially tougher conditions for consumers. The results are the latest in a bumpy ride over the past several months for Discover DFS, -0.84%, which has dealt with a leadership shake-up and questions about controls internally. The company’s provision for credit losses stood at $1.9 billion during the end of the ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Fourth Quarter 2023 Results   2023 2022(1) YOY Change Total loans, end of period (in billions) $128.4 $112.1 15% Total revenue net of interest expense (in millions) $4,196 $3,721 13% Total net charge-off rate 4.11% 2.13% 198 bps Net income/(loss) (in millions) $388 $1,025 (62%) Diluted EPS $1.54 $3.74 (59%) Note(s) 1. The comparative pr ...

Shutter2U Back in the Summer of 2016, I wrote an article analyzing Discover Financial Services (NYSE:DFS) and Synchrony Financial (SYF). The context was looking for safe financials during uncertainty surrounding the Brexit. My conclusion was both stocks were appealing, but Discover Financial had an advantage because of the dividends they offered. Seven and a half years later, Discover Financial has doubled, and Synchrony showed a nice gain and started paying dividends in its own right. I’m not bringing ...

Investors are always looking for stocks that are poised to beat at earnings season and Discover Financial Services (DFS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Discover Financial is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

Discover Financial Services (DFS) is poised to surpass fourth-quarter 2023 earnings expectations. The results, to be announced on Jan 17, after the closing bell, are anticipated to reflect sustained growth in net interest income and Payment Services revenues, contributing to its performance.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $2.50 suggests a 33.2% decrease from the prior-year figure of $3.74. The consensus mark has witnessed two upward estimate re ...

Wall Street analysts expect Discover (DFS) to post quarterly earnings of $2.50 per share in its upcoming report, which indicates a year-over-year decline of 33.7%. Revenues are expected to be $4.09 billion, up 9.7% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 2.9% 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 this timeframe.Bef ...

Discover Financial Services (DFS) has been benefiting on the back of a growing loan portfolio resulting in higher net interest income. Strong growth in PULSE volume, collaborations and sound cash reserves also act as tailwinds for the stock. Zacks Rank & Price PerformanceDiscover Financial carries a Zacks Rank #3 (Hold) at present.The stock has gained 28.1% in the past three months compared with the industry’s 31.5% growth. The Finance sector rallied 15.2%, while the S&P 500 Composite Index increased 11.1% ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its Fourth quarter 2023 results after the market closes on Wednesday, January 17, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com. A conference call to discuss the firm's results, outlook and related matters will be held on Thursday, January 18, 2024, at 7:00 a.m. Central Time. The live audio webcast will be accessible to the general ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33378 DISCOVER FINANCIAL SERVICES (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction ...