If you might be on the lookout for a inventory that has a stable historical past of beating earning
If you might be on the lookout for a inventory that has a stable historical past of beating earnings estimates and is in a superb place to keep up the development in its subsequent quarterly report, you must think about Capital One (COF). This firm, which is within the Zacks Monetary – Shopper Loans business, reveals potential for one more earnings beat.
This bank card issuer and financial institution has seen a pleasant streak of beating earnings estimates, particularly when wanting on the earlier two studies. The typical shock for the final two quarters was 13.44%.
For the final reported quarter, Capital One got here out with earnings of $3.37 per share versus the Zacks Consensus Estimate of $2.84 per share, representing a shock of 18.66%. For the earlier quarter, the corporate was anticipated to publish earnings of $2.68 per share and it truly produced earnings of $2.90 per share, delivering a shock of 8.21%.
Worth and EPS Shock
For Capital One, estimates have been trending greater, thanks partly to this earnings shock historical past. And if you…