National Bank of Canada (OTC:NTIOF) is set to give its latest quarterly earnings report on Friday, 2022-05-27. Here's what investors need to know before the announcement.
Analysts estimate that National Bank of Canada will report an earnings per share (EPS) of $1.75.
National Bank of Canada 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).
Here's a look at National Bank of Canada's past performance and the resulting price change:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.77 | 1.11 | 1.11 | |
| EPS Actual | 2.1 | 1.76 | 1.92 | 1.79 |
| Price Change % | 2.79% | 0.43% | -0.48% | -2.71% |
Stock Performance
Shares of National Bank of Canada were trading at $73.84 as of May 24. Over the last 52-week period, shares are down 5.3%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
