Canadian Imperial Bank (NYSE:CM) is set to give its latest quarterly earnings report on Friday, 2022-02-25. Here's what investors need to know before the announcement.
Analysts estimate that Canadian Imperial Bank will report an earnings per share (EPS) of $2.86.
Canadian Imperial Bank bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company missed EPS by $0.10, which was followed by a 1.89% increase in the share price the next day.
Here's a look at Canadian Imperial Bank's past performance and the resulting price change:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.78 | 2.23 | 2.23 | 2.23 |
| EPS Actual | 2.68 | 3.20 | 2.85 | 2.75 |
| Price Change % | 1.89% | -0.55% | 0.48% | -1.53% |
Stock Performance
Shares of Canadian Imperial Bank were trading at $125.75 as of February 23. Over the last 52-week period, shares are up 30.39%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
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