Earnings Forecasts: Mixed Results for Major Companies Ahead

Analysis of upcoming earnings reports reveals a mix of performance among key companies. While some like Canadian Imperial Bank of Commerce anticipate rises, others such as Dollar General Corporation face significant declines in EPS compared to last year, which may impact stock prices.

Date: 08-12-2024

AI Rating: 5

The report outlines earnings forecasts for a diverse range of companies. Several metrics will influence stock performance, particularly Earnings Per Share (EPS). Key highlights from the report include:

Toronto Dominion Bank (TD) is expected to report an EPS of $1.28, reflecting a 5.19% decline year-over-year. This negative trend could diminish investor sentiment, rating: 4.
Bank Of Montreal (BMO) forecasts an EPS of $1.73, marking a 16.43% decrease compared to last year. However, a better P/E ratio of 12.93 versus the industry average suggests potential resilience. Rating: 4.
Canadian Imperial Bank of Commerce (CM) predicts an EPS of $1.26, a 8.62% increase year-over-year. This positive outlook, supported by consistently beating previous forecasts, presents a favorable scenario. Rating: 8.
Kroger Company (KR) projects an EPS of $0.98, up 3.16% from last year. In contrast, the P/E ratio is lower than the industry, indicating a competitive challenge, thus rating: 6.
Dollar General Corporation (DG) anticipates a considerable 23.81% drop to an EPS of $0.96. Missing the previous consensus points to struggles ahead. Rating: 3.
Science Applications International Corporation (SAIC) is expected to report a decrease of 4.41% in EPS at $2.17. Rating: 4.
Signet Jewelers Limited (SIG) forecasts a 20.83% increase in EPS to $0.29. This outlook, along with a competitive P/E ratio, suggests growth potential. Rating: 8.
Korn Ferry (KFY) anticipates an increase of 24.74% in EPS to $1.21, with a solid performance history enhancing its appeal. Rating: 8.
GMS Inc. (GMS) expects a 1.74% decrease in EPS to $2.26. Ratings hint at investor caution. Rating: 5.
Patterson Companies, Inc. (PDCO) has a forecasted EPS drop of 2.00% to $0.49. Despite lacking a competitive edge, the slight decrease suggests stable performance. Rating: 5.
Caleres, Inc. (CAL) expects a 2.19% decrease in EPS, suggesting potential hurdles as previous forecasts were missed. Rating: 5.
Canadian Solar Inc. (CSIQ) shows a significant EPS decline of 237.50%, signaling challenges that could severely impact investor confidence. Rating: 3.

Stocks: TD BMO CM KR DG SAIC SIG KFY GMS PDCO CAL CSIQ