S&P 500 (NYSE:SPY) component Capital One Financial (NYSE:COF) will unveil its latest earnings tomorrow, Thursday, January 17, 2013. Capital One Financial is a financial services company that markets a variety of financial products and services through its banking and non-banking subsidiaries.
Capital One Financial Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.62 per share, a rise of 82% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.69. Between one and three months ago, the average estimate moved down. It also has dropped from $1.66 during the last month. Analysts are projecting profit to rise by 8.5% compared to last year’s $6.43.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of $2.03 per share against a mean estimate of profit of $1.75 per share. In the second quarter, it missed forecasts by $1.02.
Wall St. Revenue Expectations: On average, analysts predict $5.88 billion in revenue this quarter, a rise of 45.2% from the year-ago quarter. Analysts are forecasting total revenue of $21.5 billion for the year, a rise of 32.1% from last year’s revenue of $16.28 billion.
A Look Back: In the third quarter, profit rose 44.9% to $1.18 billion ($2.01 a share) from $813 million ($1.77 a share) the year earlier, exceeding analyst expectations. Revenue rose 35.9% to $6.4 billion from $4.71 billion.
Here’s how Capital One Financial traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: