Discover Financial Services 2Q Earnings Pregame Scorecard
Discover Financial Services has topped Wall Street expectations for the last five quarters, and it will try to keep that streak alive as it reports the latest earnings on Tuesday.
Expectations
Analysts currently expect Discover Financial Services to come in with earnings of 95 cents per share on revenues of $1.85 billion. Analysts gave estimates ranging from 68 cents per share to $1.07 per share. Over the past three months, the average estimate has moved up from 86 cents.
Last Quarter's Results
In the first quarter, profit rose 35.7% to $631 million ($1.18 a share) from $464.9 million (84 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.8% to $2.2 billion from $2.12 billion.
Stock Ratings
Analysts are bullish on the stock as 15 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Stock Movement
The stock fell $2.39 per share between May 31, 2012 and June 1, 2012.
Company Fundamental Trends
Summary
Reporting Period: 2Q
Date of Release: Tuesday, June 19, 2012 before market open
EPS: 95 cents
Revenue Estimate: $1.85 billion