Market Overview

Earnings Outlook For Canadian Imperial Bank

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On Thursday, August 27, Canadian Imperial Bank (NYSE: 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

 

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Posted-In: Earnings