Laurentian Bank of Canada reports results for the quarter ended in July 31 - Earnings Summary

• Laurentian Bank of Canada LB.TO reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of C$1.22. The mean expectation of eleven analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 77 cents to 98 cents per share.

• Revenue fell 1.7% to C$256.50 million from a year ago; analysts expected C$255.00 million.

• Laurentian Bank of Canada's reported EPS for the quarter was 67 cents​.

• The company reported quarterly income of $29.5 million.

• Laurentian Bank of Canada shares had risen by 1.5% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.7% in the last three months.​

• In the last 30 days, four analysts revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is "strong buy" or "buy," 7 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Laurentian Bank of Canada is 26.00

This summary was machine generated from LSEG data August 30 at 01:30 p.m. UTC. ​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)

QUARTER ENDING	ESTIMATE	ACTUAL	BEAT, MET, MISSED
Jul. 31 2024	0.86	0.88	Beat
Apr. 30 2024	0.88	0.90	Beat
Jan. 31 2024	0.95	0.91	Missed
Oct. 31 2023	1.16	1.00	Missed