Market Overview

Earnings Outlook for Bank of Nova Scotia

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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

 

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