For its first fiscal quarter (ending March 31), Discover Financial Services (NYSE: DFS) has reported E.P.S. of $1.10 compared to $3.55 a year ago. E.P.S. were $8.77 for the latest four quarters through March 31 versus $14.79 for the same period a year ago.
Recent Price Action
Discover Financial Services (NYSE: DFS) stock rose slightly by 0.3% on 4/17/24. The stock closed at $119.89. However, trading volume in this advance was below average at 81% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DFS is expected to continue to be a major Value Builder.
Discover Financial Services has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Discover Financial Services has a good Appreciation Score of 70 and a good Power Rating of 78, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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