Analysts are posting their forecasts about Capital One (NYSE:COF) as the scheduled day for its financial report announcement draws closer. Capital One will announce its Q2 2019 financial results on 18th July after the market closes. Analysts don’t seem too positive about the stock and predict a year-over-year decline for both its earnings and revenues. If we take a look at the past, Capital One’s results have surpassed the Zacks Consensus Estimate in the last reported quarter. On top of that, the company has an impressive earnings surprise history, having surpassed the analysts’ estimates in three of the last four quarters. If that’s not impressive enough, the average positive surprise came out to an amazing 4.1%. However, if analysts are pessimistic even after these results, something must be going wrong.
Capital One currently has a Zacks Rank #3, which is a good thing and usually indicates a positive market surprise if it comes with a positive ESP. However, the ESP for Capital One is currently -0.13%, making the positive surprise quite unlikely in the eyes of the analysts.
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