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On Thursday, January 23, Discover Financial (NYSE:DFS) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
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Based on management's projections, Discover Financial analysts model for earnings of $2.24 per share on sales of $2.95 billion.
The Wall Street estimate would represent a 10.34% increase in the company's earnings. Revenue would be up 5.09% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 2.290 | 2.110 | 2.030 | 2.05 |
| EPS Actual | 2.360 | 2.320 | 2.150 | 2.03 |
Stock Performance
Over the last 52-week period, shares are up 26.08%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Discover Financial stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Discover Financial is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://investorrelations.discover.com/investor-relations/events-and-presentations/default.aspx
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.