Capital One Q2 Earnings on Tap: Analysts See $4.03 EPS, Revenue Up 26%
COF sits 18% above its 52-week low of $174.24 on light trading volume (0.2× avg).
Summary
Capital One reports Q2 earnings after the close Tuesday, with Wall Street expecting a sharp rebound from last year's loss. Consensus calls for EPS of $4.03 on revenue of $15.77 billion, up 26% year-over-year, driven by the Discover and Brex acquisitions. Adjusted EPS is seen at $4.67, down 15% from a year ago. The stock has fallen 17% this year, its worst YTD performance since 2019, as macro uncertainty and cost concerns weigh on sentiment. Net charge-offs will be the key metric to watch, especially after peers Ally and Synchrony fell on their reports today. CEO Fairbank recently expressed a positive view on consumer health based on portfolio data, despite inflation worries. The report will provide a critical read on credit quality and expense trends for the combined entity.
At the time of this announcement, COF was trading at $206.12 on NYSE in the Finance sector, with a market capitalization of approximately $127B. The 52-week trading range was $174.24 to $259.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.