Capital One (COF) Reports Q2: Everything You Need To Know Ahead Of Earnings
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Financial services company Capital One (NYSE:COF) will be reporting earnings this Tuesday after market hours. Here's what to look for. Capital One missed analysts' revenue expectations last quarter, reporting revenues of $15.23 billion, up 52.3% year on year. It was a slower quarter for the company, with a significant miss of analysts' efficiency ratio estimates and a miss of analysts' net interest margin estimates. Is Capital One a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Capital One's revenue to grow 25.5% year on year, slowing from the 31.9% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Capital One has missed Wall Street's revenue estimates multiple 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 unfold for consumer finance stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.9% on average over the last month. Capital One is up 3.6% during the same time. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than...
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