Discover Financial Services (DFS) Expected to Announce Earnings on Wednesday

Discover Financial Services (NYSE:DFS - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $3.13 per share and revenue of $4,401,991.72 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Discover Financial Services Stock Performance

Shares of DFS traded up $2.13 during trading hours on Monday, reaching $187.17. 1,610,061 shares of the company traded hands, compared to its average volume of 1,046,423. The stock has a market capitalization of $47.04 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.99 and a beta of 1.46. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average price of $176.94 and a 200-day moving average price of $152.55. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $189.27.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DFS shares. Evercore ISI increased their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Truist Financial began coverage on shares of Discover Financial Services in a research report on Tuesday, January 7th. They set a "buy" rating and a $233.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the company an "equal weight" rating in a report on Friday, January 3rd. Royal Bank of Canada increased their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a "sector perform" rating in a research note on Friday, October 18th. Finally, UBS Group upgraded shares of Discover Financial Services from a "neutral" rating to a "buy" rating and boosted their target price for the company from $150.00 to $239.00 in a research report on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.71.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.