The upcoming report from Discover (DFS) is expected to reveal quarterly earnings of $3.29 per share, indicating an increase of 27% compared to the year-ago period. Analysts forecast revenues of $4.36 billion, representing an increase of 7.8% year over year.Over the last 30 days, there has been an upward revision of 3.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of th ...

Discover (DFS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 16, 2024, might help the stock move higher if these key numbers are better than e ...

iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium ...

Discover Financial Services (NYSE: DFS ) is a well-known online banking and credit card company. After announcing in February plans to enter an all-stock merger with Capital One ( COF ), those plans have been derailed by resistance from federalMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of ...

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.019 ...

NEW YORK, Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Discover Financial Services (NYSE: DFS), relating to its proposed merger with Capital One Financial Corp. Under the terms of the agreement, DFS shareholders are expected to receive 1.0192 sha ...

It has been about a month since the last earnings report for Discover (DFS) . Shares have lost about 8.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Discover due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Discover Q2 Earnings Beat on High Interest IncomeDisc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33378 DISCOVER FINANCIAL SERVICES (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of in ...

Wilmington, Delaware, July 26, 2024 (GLOBE NEWSWIRE) -- Nematicides are a type of chemical pesticide specifically designed to kill nematodes, which are microscopic parasitic worms that attack plant roots, causing significant damage to crops. These pests can lead to reduced yield and quality in various agricultural products. Nematicides work by targeting and eradicating these harmful organisms, thus protecting plants and improving agricultural productivity. They come in various formulations, including liquid ...

Core Insights - Capital One plans to acquire Discover Financial Services, merging two of the largest credit-card companies in the U.S. [1] - Discover Financial's stock has increased by 26% year-to-date, outperforming the S&P 500's 17% rise, while Capital One's stock has risen by 15% [1] - Discover Financial's current stock price is $143, which is 3% above its fair value estimate of $138 [1] Financial Performance - Discover Financial reported net revenues of $4.5 billion in Q2 2024, a 17% increase year-over-year, driven by a 45% rise in non-interest revenues and an 11% increase in net interest income [2] - The company's adjusted net income improved by 70% year-over-year to $1.5 billion in Q2 2024 [2] - For FY 2023, net revenues grew 19% year-over-year to $15.86 billion, with net interest income and non-interest revenues both increasing by 19% and 20%, respectively [3] - The adjusted net income for FY 2023 decreased by 33% year-over-year to $2.86 billion due to a significant rise in provisions for credit losses and operating expenses [3] Future Outlook - Discover Financial's revenues are projected to reach $16.86 billion in FY 2024, with an annual GAAP EPS expected to be around $11.81 [3] - The company's valuation is anticipated to be around $138 based on a P/E multiple of just below 12x [3]