Capital One Financial Corp. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Capital One Financial Corp. (NYSE:COF) will unveil its latest earnings on Thursday, October 20, 2011. 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 Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.69 per share, a decline of 5.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.60. Between one and three months ago, the average estimate moved up. It has risen from $1.65 during the last month. Analysts are projecting profit to rise by 10.6% versus last year to $7.39.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 37 cents, reporting profit of $2.04 per share against a mean estimate of net income of $1.67 per share.

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Wall St. Revenue Expectations: On average, analysts predict $4.05 billion in revenue this quarter, a rise of 0.7% from the year ago quarter. Analysts are forecasting total revenue of $16.22 billion for the year, a rise of 0.3% from last year’s revenue of $16.17 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy, one rating it as a sell and three rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit rose 49.8% to $911 million ($1.97 a share) from $608 million ($1.33 a share) the year earlier, exceeding analyst expectations. Revenue fell 2.3% to $4.56 billion from $4.67 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 59.7% in the first quarter and more than twofold in the fourth quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 8.3%.

Competitors to Watch: American Express Company (NYSE:AXP), Discover Financial Services (NYSE:DFS), Citigroup Inc. (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Northern Trust Corporation (NASDAQ:NTRS), Wells Fargo & Company (NYSE:WFC), SLM Corporation (NYSE:SLM), Wilshire Bancorp, Inc. (NASDAQ:WIBC), and HSBC Holdings plc (NYSE:HBC).

Stock Price Performance: During July 21, 2011 to October 14, 2011, the stock price had fallen $7.88 (-15.8%) from $49.94 to $42.06. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 12.1% (+$5.99) over that span. It saw one of its worst periods between September 14, 2011 and September 22, 2011 when shares fell for seven-straight days, falling 6.3% (-$2.72) over that span. Shares are down 37 cents (-0.9%) year to date.

(Source: Xignite Financials)

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