The Toronto-Dominion Bank Earnings Preview: Can This Streak Continue?

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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.

Analyst Trends:

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.

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Earnings Trends:

Here’s how The Toronto-dominion Bank has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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.

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

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