The Toronto-Dominion Bank (NYSE:TD) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
The Toronto-Dominion Bank Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.4% to $1.9 in the quarter versus EPS of $1.82 in the year-earlier quarter.
Revenue: Decreased 22.05% to $6 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Toronto-Dominion Bank reported adjusted EPS income of $1.9 per share. By that measure, the company missed the mean analyst estimate of $1.9. It missed the average revenue estimate of $6.07 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 21.45% from $7.64 billion in the previous quarter. EPS decreased 5% from $2.00 in the previous quarter.
Looking Forward: 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 $2.02 to a profit $1.98. For the current year, the average estimate has moved up from a profit of $7.79 to a profit of $7.8 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)