
Financial services company Capital One (NYSE:COF) will be reporting earnings this Thursday after the bell. Here’s what to look for.
Capital One beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $15.46 billion, up 54.4% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and .
Is Capital One a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Capital One’s revenue to grow 52% year on year to $15.49 billion, improving from the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.14 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Capital One has missed Wall Street’s revenue estimates four times over the last two years.
With Capital One being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer finance stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Capital One is down 7% during the same time and is heading into earnings with an average analyst price target of $282 (compared to the current share price of $229.45).
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