A Glimpse of Bank of Nova Scotia's Earnings Potential

Bank of Nova Scotia BNS is gearing up to announce its quarterly earnings on Tuesday, 2024-12-03. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Bank of Nova Scotia will report an earnings per share (EPS) of $1.19.

Bank of Nova Scotia bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.00, leading to a 2.1% drop in the share price on the subsequent day.

Here's a look at Bank of Nova Scotia's past performance and the resulting price change:

Performance of Bank of Nova Scotia Shares

Shares of Bank of Nova Scotia were trading at $57.02 as of November 29. Over the last 52-week period, shares are up 28.63%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Bank of Nova Scotia visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.