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.
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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.
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.
The stock fell $2.39 per share between May 31, 2012 and June 1, 2012.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Tuesday, June 19, 2012 before market open
EPS: 95 cents
Revenue Estimate: $1.85 billion