The Toronto-Dominion Bank Earnings Preview: Can This Streak Continue?
The Toronto-Dominion Bank (NYSE:TD) will report earnings before markets open on Thursday, May 23rd. The Toronto-Dominion Bank conducts a general banking business through banking branches and offices located throughout Canada and overseas. The Bank and other subsidiaries offer a broad range of banking, advisory services, and discount brokerage to individuals, businesses, financial institutions, governments, and multinational corporations.
Here is your Cheat Sheet to The Toronto-dominion Bank Earnings:
Earnings Expectations: Analysts expect earnings of $1.90 per share on revenues of $6.07 billion. Currently, the company’s P/E ratio stands at 11.16.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.01 to a profit $1.98. For the current year, the average estimate is a profit of $7.8, which is better than the estimate ninety days ago.
Here’s how The Toronto-dominion Bank has been performing on an annual basis:
|Revenue ($) in millions||26,066||21,826||24,482||27,606||30,204|
|Diluted EPS ($)||4.72||3.32||4.99||6.29||6.81|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||7,388.96||7,735.12||8,269.05||7,472.77|
|Diluted EPS ($)||1.74||1.79||1.67||1.84|
The Toronto-dominion Bank 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)