Discover Financial Services (NYSE: DFS) has reported E.P.S. of $3.69 for its third fiscal quarter (ending September 30) versus $2.59 for the same period a year ago — an increase of 42%. Relative to the consensus estimate of $3.33, this was a premium of $0.36. E.P.S. were $12.40 for the latest four quarters through September 30 versus $13.44 for the same period a year ago — a decline of -8%.
Recent Price Action
Discover Financial Services (NYSE: DFS) stock closed at $147.53 on 10/16/24 after a slight gain of 0.3%. Trading volume in this advance was normal. The stock has risen 3.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
DFS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Discover Financial Services has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Discover Financial Services has a slightly positive Appreciation Score of 66 and a good Power Rating of 77, and the Positive Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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