Bank of Nova Scotia (BNS.TO) expected to post earnings of C$1.62 a share - Earnings Preview

Reuters
2024.08.23 10:02
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Bank of Nova Scotia (BNS.TO) is anticipated to report earnings of C.62 per share, with a 5.2% revenue increase to C.513 billion for the quarter ending July 31, 2024. Analysts maintain a "hold" rating with no strong buy expectations. The median 12-month price target is C.00, above its last close of C.68. Previous quarterly performances show varying results, with most estimates meeting or beating projections. These figures are sourced from 9 analysts via LSEG data. All amounts are in Canadian dollars.

  • Bank of Nova Scotia (BNS.TO) is expected to show a rise in quarterly revenue when it reports results on August 27 for the period ending July 31 2024

  • The Toronto Ontario-based company is expected to report a 5.2% increase in revenue to C$8.513 billion from C$8.09 billion a year ago, according to the mean estimate from 9 analysts, based on LSEG data. (Revenue is on Total Revenue (Non-TEB) basis)

  • ​LSEG’s mean analyst estimate for Bank of Nova Scotia is for earnings of C$1.62 per share.

  • The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy,” 13 “hold” and 2 “sell” or “strong sell.”

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street’s median 12-month price target for Bank of Nova Scotia is C$67.00​, above​ its last closing price of C$64.68. ​​​ Previous quarterly performance (using preferred earnings measure in Canadian dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Apr. 30 2024 1.55 1.56 1.58 Beat 1.2

Jan. 31 2024 1.63 1.61 1.69 Beat 4.8

Oct. 31 2023 1.66 1.65 1.26 Missed -23.5​

Jul. 31 2023 1.74 1.74 1.73 Missed -0.4

​​Apr. 1.75 1.78 1.70 Missed -4.2

30 2023

Jan. 1 0001 2.01 2.03 1.85 Missed -8.7​

Jan. 1 0001 1.99 2.00 2.06 Beat 3.1

Jan. 1 0001 2.12 2.11 2.10 Missed -0.5

This summary was machine generated August 23 at 10:02 GMT. All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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