On Thursday, August 26, Canadian Imperial Bank CM will release its latest earnings report. Benzinga's outlook for Canadian Imperial Bank is included in the following report.
Net Income, Earnings, 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
Based on Canadian Imperial Bank management projections, analysts predict EPS of $2.23 on revenue of $3.40 billion. In the same quarter last year, Canadian Imperial Bank announced EPS of $1.98 on revenue of $3.44 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The analyst consensus estimate would represent a 12.63% increase in the company's EPS figure. Revenue would be down 1.19% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.23 | 2.23 | 2.23 | 2.23 |
| EPS Actual | 2.85 | 2.75 | 2.11 | 1.98 |
| Revenue Estimate | 3.40 B | 3.40 B | 3.40 B | 3.40 B |
| Revenue Actual | 3.92 B | 3.81 B | 3.48 B | 3.44 B |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the last 52-week period, shares are up 50.52%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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