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Capital One (COF) Reports Q4 Earnings: What Key Metrics Have to Say
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Capital One (COF - Free Report) reported $9.04 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 11.4%. EPS of $2.82 for the same period compares to $5.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9 billion, representing a surprise of +0.4%. The company delivered an EPS surprise of -25.98%, with the consensus EPS estimate being $3.81.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Capital One performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 6.84% compared to the 6.89% average estimate based on six analysts.
Average Balance-Total earning assets: $421.05 billion compared to the $415.93 billion average estimate based on five analysts.
Efficiency ratio: 56.19% versus the five-analyst average estimate of 55.4%.
Net charge-off rate: 1.86% versus the five-analyst average estimate of 1.47%.
Total revenue-Commercial Banking [$M]: $781 million versus $928.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -16.9% change.
Total revenue-Consumer Banking [$M]: $2.53 billion versus $2.37 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.
Total revenue-Credit Card-Domestic [$M]: $5.67 billion versus $5.63 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +19.5% change.
Total revenue-Other: -$256 million versus -$334.91 million estimated by three analysts on average.
Total revenue-Credit Card [$M]: $5.98 billion compared to the $5.94 billion average estimate based on three analysts. The reported number represents a change of +16.7% year over year.
Net Interest Income: $7.20 billion versus the seven-analyst average estimate of $7.16 billion.
Total Non-Interest Income: $1.84 billion versus the seven-analyst average estimate of $1.79 billion.
Interchange: $1.18 billion versus $1.17 billion estimated by five analysts on average.
Shares of Capital One have returned +18.1% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Capital One (COF) Reports Q4 Earnings: What Key Metrics Have to Say
Capital One (COF - Free Report) reported $9.04 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 11.4%. EPS of $2.82 for the same period compares to $5.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9 billion, representing a surprise of +0.4%. The company delivered an EPS surprise of -25.98%, with the consensus EPS estimate being $3.81.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Capital One performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Capital One here>>>
Shares of Capital One have returned +18.1% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.