Discover Financial Services (DFS Quick QuoteDFS - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $1.40 per share and revenue of $2.36 billion. 

DFS was down 0.11% to $69.80 in after-hours trading shortly after its earnings report was released.

Currently, DFS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Company:                                              

Beat earnings estimates. The company posted earnings of $1.40 per share, beating our Zacks Consensus Estimate of $1.38 per share.

Beat revenue estimates. The company saw revenue figures of $2.36 billion, beating our estimate of $1.802 billion.

In quarter four of 2016 DFS experienced high revenue growth. Their receivables increased by 7% YoY to $77.3 billion. Also, personal loan originations grew 31% to $4.0 billion and student loan originations grew 9% to $1.4 billion.

DFS guidance shows an expectation of 5.5% to 7.5% total loan growth in 2017. The company expects to generate strong returns on equity this coming year, also.

“We delivered robust revenue growth in the fourth quarter with a solid operating efficiency ratio” says chairman and CEO David Nelms.

Here’s a graph that looks at Discover Financial Services’ price, consensus and EPS surprise:

Discover Financial Services Price, Consensus and EPS Surprise

Discover Financial Services Price, Consensus and EPS Surprise | Discover Financial Services Quote

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?

Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>