Canadian Imperial Bank CM announces its next round of earnings this Thursday, August 26. Here is Benzinga's everything-that-matters guide for this Thursday's Q3 earnings announcement.
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 management's projections, Canadian Imperial Bank analysts model for earnings of $2.23 per share on sales of $3.40 billion. Canadian Imperial Bank earnings in the same period a year ago was $1.98 per share. Quarterly sales came in at $3.44 billion.
Why Analyst Estimates And Earnings Surprises Are Important
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.
If the company were to report earnings in line when it publishes results Thursday, earnings would be up 12.63%. Revenue would be down 1.19% on a year-over-year basis. Here is how the company's 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 of Canadian Imperial Bank are up 50.49%.
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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