Financial services company Capital One (NYSE: COF) will be announcing earnings results this Tuesday after the bell. Here’s what you need to know.
Capital One beat analysts’ revenue expectations last quarter, reporting revenues of $15.62 billion, up 53.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and .
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 54% year on year, improving from the 6.4% 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 to stay the course heading into earnings. Capital One has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Capital One’s peers in the consumer finance segment, only Ally Financial has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 5.5%.
Read our full analysis of Ally Financial’s earnings results here.There has been positive sentiment among investors in the consumer finance segment, with share prices up 11.5% on average over the last month. Capital One is up 13% during the same time and is heading into earnings with an average analyst price target of $256.62 (compared to the current share price of $208).
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