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Discover Financial Services (DFS)
NYSE:DFS
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Discover Financial Services (DFS) Earnings Date & Reports

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Earnings Data

Report Date
Jan 15, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$3.21
Last Year’s EPS
$1.54
Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Oct 16, 2024
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% Change Since: 17.85%
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Next Earnings Date:Jan 15, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong financial performance with a significant increase in net income and strategic advancements in community investments and customer satisfaction. However, challenges such as a decrease in card sales, increased operating expenses, and regulatory scrutiny were also highlighted.
Company Guidance
During Discover's Q3 2024 earnings call, the company reported strong financial performance with a net income of $965 million, up 41% from the previous year, driven by revenue growth from modestly higher loan balances and net interest margin expansion. The net interest margin reached 11.38%, an increase of 43 basis points from the prior year. Discover's card receivables increased by 3%, while personal loans rose by 9% year-over-year. The company recognized a $70 million gain from the sale of the first tranche of its private student loan portfolio, with 55% of the portfolio sold to date. Operating expenses increased by 16% year-over-year, with significant contributions from higher compensation costs, technology investments, and merger-related expenses. Discover's customer satisfaction remained high, ranking #2 among U.S. credit card issuers by J.D. Power for the fifth consecutive year. The company also revised its 2024 outlook, expecting loan growth to decline to low to mid-single digits and tightening its net interest margin range to 11.2% to 11.4%.
Strong Financial Performance
Net income for the third quarter was reported at $965 million, up 41% from the prior year, driven by revenue growth and net interest margin expansion.
Customer Satisfaction Achievement
Discover ranked #2 in customer satisfaction among U.S. credit card issuers by J.D. Power for the fifth consecutive year.
Community Investment Milestones
Significant investments in community facilities, including the grand opening of Whitehall, Ohio customer care and community center, and achieving 1,000 active jobs in Chicago's Chatham neighborhood.
Increase in Personal Loans
Personal loans were up 9% from the prior year, indicating strong demand for debt consolidation with an average FICO score above 750 for new accounts.
Capital Management and Dividend
Common equity Tier 1 ratio increased to 12.7%, supported by earnings and student loan sale with a declared quarterly cash dividend of $0.70 per share.
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Discover Financial Services (DFS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DFS Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jan 15, 20252024 (Q4)
3.21 / -
1.54
Oct 16, 20242024 (Q3)
3.48 / 3.69
2.5942.47% (+1.10)
Jul 17, 20242024 (Q2)
3.10 / 6.06
3.5471.19% (+2.52)
Apr 17, 20242024 (Q1)
2.96 / 1.10
3.58-69.27% (-2.48)
Jan 17, 20242023 (Q4)
2.49 / 1.54
3.77-59.15% (-2.23)
Oct 18, 20232023 (Q3)
3.17 / 2.59
3.54-26.84% (-0.95)
Jul 19, 20232023 (Q2)
3.67 / 3.54
3.96-10.61% (-0.42)
Apr 19, 20232023 (Q1)
3.92 / 3.58
4.22-15.17% (-0.64)
Jan 18, 20232022 (Q4)
3.65 / 3.77
3.643.57% (+0.13)
Oct 24, 20222022 (Q3)
3.71 / 3.54
3.540.00% (0.00)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DFS Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 16, 2024$146.93$149.85+1.99%
Jul 17, 2024$140.10$141.56+1.04%
Apr 17, 2024$118.11$122.43+3.66%
Jan 17, 2024$106.52$95.02-10.80%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Discover Financial Services (DFS) report earnings?
Discover Financial Services (DFS) is schdueled to report earning on Jan 15, 2025, TBA Not Confirmed.
    What is Discover Financial Services (DFS) earnings time?
    Discover Financial Services (DFS) earnings time is at Jan 15, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is DFS EPS forecast?
          DFS EPS forecast for the fiscal quarter 2024 (Q4) is $3.21.
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