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On Tuesday, August 25, Bank of Nova Scotia (NYSE:BNS) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
Based on Bank of Nova Scotia management projections, analysts predict EPS of $1.34 on revenue of $5.73 billion. In the same quarter last year, Bank of Nova Scotia reported EPS of $1.43 on revenue of $5.82 billion. If the company were to match the consensus estimate, earnings per share would be down 6.23%. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.32 | 1.32 | 1.32 | 1.340 |
| EPS Actual | 0.78 | 1.41 | 1.38 | 1.429 |
| Revenue Estimate | 5.46 B | 5.46 B | 5.46 B | 5.73 B |
| Revenue Actual | 5.93 B | 6.27 B | 6.02 B | 5.82 B |
Stock Performance
Over the last 52-week period, shares are down 17.66%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Bank of Nova Scotia is scheduled to hold the call at 08:15:00 ET and can be accessed here: https://www.scotiabank.com/ca/en/about/investors-shareholders/financial-result.html
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.
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