This might be the right credit card for your wallet, but the stock should be strongly re-evaluated if it's in your portfolio. Capital One Financial (COF) slipped to a Zacks #5 Rank (Strong Sell) last week after a continued deluge of downward earnings estimate revisions.
This is happening in the aftermath of a mixed earnings report that took the stock down sharply last month from its 52-week high. The company reported fourth quarter 2012 earnings of $1.41 per share which significantly lagged the Zacks Consensus Estimate of $1.62.
This was a big improvement from the prior-year quarter's 88 cents, but investors and analysts are still looking for the bright spots. Before we look at some of the details of that report, let's take a look at the Zacks Price & Consensus chart which gives us a great visual on which way estimates are headed and if price may soon follow.
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