BUZZ-PREVIEW: Discover Financial gains ahead of quarterly report

Reuters04-18

** Shares in credit card company Discover Financial Services

up 1.5% on Wednesday ahead of quarterly report due after market close

** Wall Street sees co, which agreed to be bought by Capital One , reporting adj EPS of $2.95 vs $3.58 in year-ago quarter on rev of $4.07 bln, which would be up 8.6% y/y, according to latest data from LSEG

** In last 8 quarters DFS rev beat expectations 6 times while EPS beat expectations just 3 times

** Warren Buffett-backed U.S. consumer bank Capital One unveiled plans in Feb for a $35.3 billion acquisition of DFS and said it expects the deal, which is expected to undergo intense antitrust scrutiny, to be approved in late 2024 or early 2025

** YTD, shares in DFS up ~8% vs ~5% gain for S&P 500 Financials index

** DFS shares last traded at $121.38 compared with median PT of $136, according to LSEG

** Of 16 analysts covering the stock, 2 rate 'strong buy, 2 'buy' and 12 recommend 'hold'

(Reporting By Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))

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