Discover Financial Services (NYSE: DFS) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.54 versus $3.77 for the same period a year ago — a decline of -59%. This performance was $-0.99 short of the consensus estimate of $2.53. For the latest four quarters through December 31, E.P.S. were $11.27 versus $15.52 for the same period a year ago — a decline of -27%.
Recent Price Action
On 1/17/24, Discover Financial Services (NYSE: DFS) stock declined slightly by -0.8%, closing at $108.74. Moreover, this decline was accompanied by unusually high trading volume at 182% of normal. The stock has declined -3.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
DFS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Discover Financial Services has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Discover Financial Services has a good Appreciation Score of 77 but a neutral Power Rating of 43, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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