Yahoo Finance Compared to Estimates, Capital One (COF) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Capital One (COF) reported revenue of $9.4 billion, up 5.6% over the same period last year. EPS came in at $3.21, compared to $2.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $9.35 billion, representing a surprise of +0.60%. The company delivered an EPS surprise of -1.23%, with the consensus EPS estimate being $3.25.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 6.7% versus 6.7% estimated by 13 analysts on average.
Average Balance - Total interest-earning assets: $447.80 billion versus $450.11 billion estimated by 13 analysts on average.
Net charge-off rate: 3.3% versus the 12-analyst average estimate of 3.3%.
Efficiency Ratio: 54.6% versus the 12-analyst average estimate of 54.5%.
Net charge-off rate - Commercial Banking: 0.1% versus the 10-analyst average estimate of 0.4%.
Net charge-off rate - Consumer Banking: 2% versus the nine-analyst average estimate of 2%.
Net charge-off rate - Credit Card - Domestic credit card: 5.9% compared to the 5.7% average estimate based on nine analysts.
Total net revenue- Credit Card: $6.75 billion versus the seven-analyst average estimate of $6.67 billion. The reported number represents a year-over-year change of +12.1%.
Total net revenue- Consumer Banking: $2.17 billion compared to the $2.25 billion average estimate based on seven analysts. The reported number represents a change of -13% year over year.
Total net revenue- Credit Card- Domestic: $6.38 billion versus $6.32 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +12.2% change.
Total net revenue- Other: -$396 million compared to the -$449.41 million average estimate based on seven analysts. The reported number represents a change of -16.1% year over year.
Total net revenue- Commercial Banking: $880 million compared to the $869.03 million average estimate based on seven analysts. The reported number represents a change of +2.3% year over year.
View all Key Company Metrics for Capital One here>>>
Shares of Capital One have returned +3% over the past month versus the Zacks S&P 500 composite's -3% 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 Financial Corporation (COF) : Free Stock Analysis Report
