Capital One Financial

Financial | Credit Services | USA

Capital One (COF) Q3 Earnings Surpass Estimates

Capital One (COF) came out with quarterly earnings of $3.32 per share, beating the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $3.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 15.68%. A quarter ago, it was expected that this credit card issuer and bank would post earnings of $2.84 per share when it actually produced earnings of $3.37, delivering a surprise of 18.66%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Capital One, which belongs to the Zacks Financial - Consumer Loans industry, posted revenues of $6.96 billion for the quarter ended September 2019, missing the Zacks Consensus Estimate by 3.11%. This compares to year-ago revenues of $6.96 billion. 


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https://finance.yahoo.com/news/capital-o...09767.html

Capital One (COF) Stock Up 1% on Q4 Earnings & Revenue Beat

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Its fourth-quarter adjusted earnings of $2.49 per share easily surpassed the Zacks Consensus Estimate of $2.38. Also, it jumped 33% year over year.

Results reflect rise in net revenues, higher loan and deposit balances, and strength in card business. However, a rise in credit cost and higher operating expenses were the undermining factors.

After taking into consideration non-recurring items, net income available to common shareholders was $1.04 billion or $2.25 per share, down from $1.17 billion or $2.48 per share in the prior-year quarter.

For 2019, adjusted earnings of $12.09 per share grew 11% year over year but lagged the consensus estimate of $11.21. Net income available to common shareholders (as reported) declined 9% to $5.19 billion.


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https://finance.yahoo.com/news/capital-o...12370.html