The Toronto-Dominion Bank TD unveils its next round of earnings this Thursday, August 26. Get prepared with Benzinga's ultimate preview for The Toronto-Dominion Bank's Q3 earnings.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Based on management's projections, The Toronto-Dominion Bank analysts model for earnings of $1.16 per share on sales of $6.86 billion. In the same quarter last year, The Toronto-Dominion Bank reported EPS of $0.91 on revenue of $7.79 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 27.47% increase in the company's earnings. Revenue would have fallen 11.98% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.16 | 1.16 | 1.16 | 1.16 |
| EPS Actual | 1.62 | 1.40 | 1.21 | 0.91 |
| Revenue Estimate | 6.86 B | 6.86 B | 6.86 B | 6.86 B |
| Revenue Actual | 8.12 B | 8.29 B | 7.88 B | 7.79 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of The Toronto-Dominion Bank were trading at $68.09 as of August 24. Over the last 52-week period, shares are up 34.55%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. The Toronto-Dominion Bank is scheduled to hold the call at 13:30:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
