Discover Financial Services (DFS) Stock Falls in After-Hours Trading on Earnings MissBy twocents@thestreet (Andrew Meola) NEW YORK (TheStreet) -- Shares of Discover Financial Services were down 3.02% to $59 in after-hours trading Wednesday after the company reported fourth-quarter earnings that came up short of analysts expectations. Discover reported adjusted net income of $553 million, or $1.19 aBy twocents@thestreet (Andrew Meola) NEW YORK (TheStreet) -- Shares of Discover Financial Services were down 3.02% to $59 in after-hours trading Wednesday after the company reported fourth-quarter earnings that came up short of analysts expectations. Discover reported adjusted net income of $553 million, or $1.19 a share, on revenue of $2.037 billion. The consensus estimate called for Discover to report earnings of $1.30 a share on revenue of $2.2 billion. In the fourth quarter last year, the company posted earnings of $1.23 a share, which beat the consensus estimate of $1.18 a share, according to analysts polled by Thomson Reuters. Revenue totaled $2.129 billion, which surpassed analysts expectations of $2.106 billion. Exclusive Report: Jim Cramers Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. In the third quarter of 2014, Discover posted EPS of $1.37, which beat the consensus estimate of $1.34 a share. Revenue totaled $2.19 billion, which came up just short of analysts expectations of $2.197 billion. Separately, TheStreet Ratings team rates DISCOVER FINANCIAL SVCS INC as a buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: We rate DISCOVER FINANCIAL SVCS INC (DFS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The companys strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full analysis from the report here: DFS Ratings Report DFS data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on DFS. Click to research the Financial Services industry. ift.tt/1gB4pon
Posted on: Wed, 21 Jan 2015 22:28:24 +0000
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