Market Overview

Earnings Outlook For Canadian Imperial Bank

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Canadian Imperial Bank (NYSE:CM) announces its next round of earnings this Thursday, December 03. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts predict Canadian Imperial Bank will report earnings of $2.23 per share on revenue of $3.40 billion. In the same quarter last year, Canadian Imperial Bank reported earnings per share of $2.16 on sales of $3.63 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 3.24% increase in the company's earnings. Sales would be down 6.26% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 2.23 2.27 2.27 2.23
EPS Actual 1.98 0.70 2.46 2.16
Revenue Estimate 3.40 B 3.51 B 3.51 B 3.40 B
Revenue Actual 3.44 B 3.42 B 3.69 B 3.63 B

Stock Performance

Shares of Canadian Imperial Bank were trading at $85.18 as of December 01. Over the last 52-week period, shares are up 2.98%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not 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.

 

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