Canadian Western Bank reports results for the quarter ended in July 31 - Earnings Summary

• Canadian Western Bank CWB.TO reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of ten analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 78 cents to 90 cents per share.

• Revenue rose 5.3% to $298.47 million from a year ago; analysts expected C$296.22 million.

• Canadian Western Bank's reported EPS for the quarter was 43 cents​.

• The company reported quarterly income of $41.41 million.

• Canadian Western Bank shares had risen by 18.3% this quarter and gained 66.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and "sell" or "strong sell."

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

Wall Street's median 12-month price target for Canadian Western Bank is 52.00

This summary was machine generated from LSEG data August 30 at 04:21 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	0.60	Missed
Apr. 30 2024	0.86	0.81	Missed
Jan. 31 2024	0.91	0.93	Beat
Oct. 31 2023	0.88	0.94	Beat