Capital One (COF) Q3 Earnings and Revenues Top Estimates

Group 1: Earnings Performance - Capital One reported quarterly earnings of $4.51 per share, exceeding the Zacks Consensus Estimate of $3.70 per share, and showing a slight increase from $4.45 per share a year ago, representing an earnings surprise of 21.89% [1] - The company posted revenues of $10.01 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.01%, compared to year-ago revenues of $9.37 billion [1] Group 2: Stock Performance and Market Comparison - Capital One shares have increased by approximately 17.6% since the beginning of the year, while the S&P 500 has gained 21.5% during the same period [2] - The current Zacks Rank for Capital One is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [4] Group 3: Future Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.86 on revenues of $9.91 billion, and for the current fiscal year, it is $12.87 on revenues of $38.64 billion [4] - The estimate revisions trend for Capital One is mixed, and changes in these estimates could impact stock performance following the recent earnings report [4] Group 4: Industry Context - The Financial - Consumer Loans industry, to which Capital One belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stock performance [5] - Ezcorp, another company in the same industry, is expected to report quarterly earnings of $0.26 per share, reflecting a year-over-year change of +13%, with revenues projected at $288.39 million, up 6.6% from the previous year [5]