Discover Financial Services (NYSE:DFS) direct banking and payment services operator, is expected to report second quarter earnings results, after market close, on Wednesday 22nd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.28 per share.
Looking ahead, the full year income are expected at $ 1.92 per share on the revenues of $ 10965.50 million.
Previous Quarter Performance
Discover Financial Services communicated loss for the first quarter of $ 0.25 per share, from the revenue of $ 2,888.00 million. The quarterly revenues enlarged 4.82 percent compared with the same quarter last year. The consensus estimates are income of $ 0.94 per share from $ 2885.99 million in revenue. The bottom line results missed street analysts by $ 1.19 or 126.6 percent, at the same time, top line results outshined analysts by $ 2.01 million or 0.07 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Discover Financial Services
Stock Performance
According to the previous trading day, closing price of DFS was $ 49.01, representing a 110.80 % increase from the 52 week low of $ 23.25 and a 47.29 % decrease over the 52 week high of $ 92.98.
The company has a market capital of $ 15.01 billion and is part of the Financial Services sector and Credit Services industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”DFS” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 22nd June 2020, upgraded by UBS Group to Buy from Neutral rating, with $ 72.00 target price.
On 8th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 58.00 target price.
Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized quarterly dividend of $ 0.44 per share to holders of record as of the close of business on May 21, 2020, with payment date of June 4, 2020 and ex-dividend date on May 20, 2020.
Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit. The Payment Services segment operates the PULSE network, an automated teller machine, debit, and electronic funds transfer network; Diners Club International, a payments network that issues Diners Club branded charge cards and provides card acceptance services; and Discover Network that processes transactions for Discover-branded credit and debit cards, as well as provides payment transaction processing and settlement services.
