On Thursday, August 27, Canadian Imperial Bank CM 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 management's projections, Canadian Imperial Bank analysts model for earnings of $2.27 per share on sales of $3.51 billion. In the same quarter last year, Canadian Imperial Bank announced EPS of $2.325 on revenue of $3.55 billion. If the company were to report in-line earnings when it publishes results Thursday, earnings would be down 2.37%. Canadian Imperial Bank's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
---|---|---|---|---|
EPS Estimate | 2.27 | 2.27 | 2.23 | 2.270 |
EPS Actual | 0.70 | 2.46 | 2.16 | 2.325 |
Revenue Estimate | 3.51 B | 3.51 B | 3.40 B | 3.51 B |
Revenue Actual | 3.42 B | 3.69 B | 3.63 B | 3.55 B |
Stock Performance
Over the last 52-week period, shares are down 1.19%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
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 08:00:00 ET and can be accessed here: https://bell.media-server.com/mmc/p/ouoibmtf
Edge Rankings
Price Trend
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