Discover Financial Services (DFS) reported strong third-quarter results supported by interest income growth, thanks to a high-interest rate environment, lower provision for credit losses, growing loans, PULSE volumes and margin expansion. The positives were partially offset by higher expenses.It reported third-quarter 2024 adjusted earnings per share of $3.69, which comfortably beat the Zacks Consensus Estimate of $3.28. Also, the bottom line jumped 42% year over year.Discover Financial's revenues, net of i ...

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Discover Financial Services (NYSE:DFS) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET Company Participants Erin Stieber - SVP, Financial Planning & Analysis and Investor Relations Michael Shepherd - Interim Chief Executive Officer John Greene - Chief Financial Officer Erin Stieber Thank you, and welcome to this morning's call. By way of introduction, I'm Erin Stieber, Senior Vice President of Financial Planning and Analysis and Investor Relations. Eric Wasserstrom has decided to pursue an oppo ...

-- | --- | --- | |-----------------------------------|-------| | | | | | | | | | | | | | | | | | | | ©2024 DISCOVER FINANCIAL SERVICES | | Notice The following slides are part of a presentation by Discover Financial Services (the "Company") in connection with reporting quarterly financial results and are intended to be viewed as part of that presentation. No representation is made that the information in these slides is complete. For additional financial, statistical, and business related information, as we ...

Discover (DFS) reported $4.45 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 10.1%. EPS of $3.69 for the same period compares to $2.59 a year ago.The reported revenue represents a surprise of +2.17% over the Zacks Consensus Estimate of $4.36 billion. With the consensus EPS estimate being $3.28, the EPS surprise was +12.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

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 ...

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 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 ...