Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Discover Financial Services DFS is expected to release earnings results for its first quarter, after the closing bell on April 17, 2024.

Analysts expect the Riverwoods, Illinois-based company to report quarterly earnings at $2.95 per share, down from $3.58 per share in the year-ago quarter. Discover Financial is projected to report quarterly revenue of $4.07 billion, compared to $3.67 billion in the year-earlier period, according to data from Benzinga Pro.

On April 9, Discover Financial entered into strategic collaboration with Google Cloud to introduce generative AI technology into its customer care centers.

Discover Financial shares fell 1.4% to close at $119.57 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wells Fargo analyst Donald Fandetti maintained an Equal-Weight rating and boosted the price target from $105 to $135 on April 10, 2024. This analyst has an accuracy rate of 70%.
• Piper Sandler analyst Kevin Barker maintained an Overweight rating and increased the price target from $127 to $145 on Feb. 23, 2024. This analyst has an accuracy rate of 74%.
• Citigroup analyst Arren Cyganovich maintained a Buy rating and boosted the price target from $127 to $168 on Feb. 23, 2024. This analyst has an accuracy rate of 74%.
• Wolfe Research analyst Bill Carache downgraded the stock from Outperform to Peer Perform on Feb. 21, 2024. This analyst has an accuracy rate of 79%.
• BMO Capital analyst James Fotheringham maintained a Market Perform rating and cut the price target from $116 to $104 on Jan. 22, 2024. This analyst has an accuracy rate of 73%.

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