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National Bank of Canada (OTC:NTIOF) is set to give its latest quarterly earnings report on Wednesday, 2023-03-01. Here's what investors need to know before the announcement.
Analysts estimate that National Bank of Canada will report an earnings per share (EPS) of $1.74.
National Bank of Canada 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).
Historical Earnings Performance
Last quarter the company missed EPS by $0.09, which was followed by a 0.06% increase in the share price the next day.
Here's a look at National Bank of Canada's past performance and the resulting price change:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.65 | 2.34 | 1.75 | |
| EPS Actual | 1.56 | 1.83 | 2.01 | 2.1 |
| Price Change % | 0.06% | 0.02% | 3.15% | 2.79% |
Stock Performance
Shares of National Bank of Canada were trading at $73.5 as of February 27. Over the last 52-week period, shares are down 8.0%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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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