Why Discover Financial (DFS) Might Surprise This Earnings Season

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]