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Don't be caught off-guard: Canadian Imperial Bank (NYSE:CM) releases its next round of earnings this Thursday, August 22.
Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for the Q3 earnings announcement before the bell.
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Earnings and Revenue
Wall Street analysts see Canadian Imperial Bank reporting earnings of $2.27 per share on sales of $3.51 billion.
In the same quarter last year, Canadian Imperial Bank posted a profit of $2.37 on sales of $3.53 billion. The Wall Street consensus estimate for earnings would represent a 4.22% decrease for the company. Sales would have fallen 0.45% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 2.230 | 2.27 | 2.23 | 2.27 |
| EPS Actual | 2.230 | 2.26 | 2.25 | 2.37 |
Stock Performance
Over the past 52-week period, shares of Canadian Imperial Bank have declined 20.58%. Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The most common rating by analysts on Canadian Imperial Bank stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Canadian Imperial Bank is scheduled to hold the call at 8:00 a.m. ET and can be accessed here: https://bell.media-server.com/mmc/p/s6vkw9gr
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.