Canadian Imperial Bank Of Commerce Earnings Preview: Can This Streak Continue?

Canadian Imperial Bank Of Commerce (NYSE:CM) will report earnings before markets open on Thursday, May 30th. Canadian Imperial Bank of Commerce provides banking and financial services to consumers, individuals, and corporate clients in Canada and around the world.

Here is your Cheat Sheet to Canadian Imperial Bank Of Commerce Earnings:

Earnings Expectations: Analysts expect earnings of $2.08 per share on revenues of $3.14 billion. Currently, the company’s P/E ratio stands at 9.73.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $2.15 and has not changed. For the current year, the average estimate is a profit of $8.46, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Canadian Imperial Bank Of Commerce has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 12,391 11,875 14,429 16,224 17,056
Diluted EPS ($) -5.76 2.53 5.75 7.17 7.91

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 4,119.40 4,320.70 4,313.51 4,193.33
Diluted EPS ($) 1.85 2.01 2.04 1.86

Past Performance:
Canadian Imperial Bank Of Commerce has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)