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 ...

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 ...

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.019 ...

NEW YORK, Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.0192 sha ...