What Has Driven Discover Financial’s EPS Growth In The Last Three Years?
Over the last three years, Discover’s earnings before tax have fallen by close to 3%. Despite a 70 basis point decrease in effective tax rate, the company’s net income has also declined by 2.5%. However, despite these factors, the company’s reported diluted earnings per share has grown by 3.1% due to a 10% reduction in share count. This growth in EPS is deceptive and is unlikely to be sustainable in the future.
Have more questions about Discover? See the links below:
- How Much Did Discover’s Revenue & Net Profit Grow In The Last Five Years?
- How Much Can Discover’s Revenue Grow In The Next Five Years?
- What Is Discover’s Fundamental Value Based On Expected 2016 Results?
- How Has Discover’s Revenue Composition Changed In The Last Five Years?
- Up 14% YTD, What’s Next For Discover Financial Stock?
- Discover Financial Stock Is Undervalued
- Discover Financial Stock Is Fairly Priced At The Current Levels
- Discover Financial Stock To Edge Past The Revenue Consensus In Q1
- Discover Financial Stock Is Attractive At The Current Levels
- Discover Financial Stock To Beat The Earnings Consensus In Q4?
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