S&P 500 (NYSE:SPY) component Capital One Financial (NYSE:COF) will unveil its latest earnings on Thursday, October 18, 2012. Capital One Financial is a financial services company that markets a variety of financial products and services through its banking and non-banking subsidiaries.
Capital One Financial Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.73 per share, a decline of 8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.57. Between one and three months ago, the average estimate moved up. It has dropped from $1.76 during the last month. Analysts are projecting profit to rise by 12.7% compared to last year’s $6.14.
Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported net income of 33 cents per share against a mean estimate of $1.35. Two quarters ago, it beat expectations by 16 cents with profit of $1.56.
Are you well-positioned with a winning post-election portfolio?: Check out our newest CHEAT SHEET stock picks now>>
A Look Back: In the second quarter, profit fell 89.8% to $93 million (16 cents a share) from $911 million ($1.97 a share) the year earlier, missing analyst expectations. Revenue rose 24.6% to $5.68 billion from $4.56 billion.
Wall St. Revenue Expectations: Analysts predict a rise of 36.1% in revenue from the year-earlier quarter to $5.65 billion.
Stock Price Performance: Between August 16, 2012 and October 12, 2012, the stock price had risen $1.98 (3.5%), from $56.23 to $58.21. The stock price saw one of its best stretches over the last year between March 12, 2012 and March 21, 2012, when shares rose for eight straight days, increasing 13.1% (+$6.40) over that span. It saw one of its worst periods between August 3, 2012 and August 15, 2012 when shares fell for nine straight days, dropping 4.4% (-$2.54) over that span.
Key Stats:
The company is hoping to rebound with this earnings release after a net income drop last quarter. Net income rose 38.1% in the first quarter before dropping in the second quarter.
On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 17.4% in the first quarter before climbing again in the second quarter.
Analyst Ratings: With 18 analysts rating the stock a buy, none rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories:
Bank of America Third Quarter Earnings Sneak Peek
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More
There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more
At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more