Toronto-Dominion Bank (TD) Outperforms Broader Market: What You Need to Know

Company Performance - Toronto-Dominion Bank (TD) closed at $57.92, reflecting a +0.8% change from the previous day, outperforming the S&P 500's gain of 0.36% [1] - Over the past month, TD shares have increased by 6.05%, while the Finance sector and S&P 500 gained 5.23% and 2.11%, respectively [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of$ 1.38, a decrease of 6.12% from the same quarter last year, with projected quarterly revenue of $10.42 billion, up 3.47% year-over-year [2] - For the entire fiscal year, earnings are projected at$ 5.52 per share and revenue at $42.51 billion, indicating a decline of 3.83% in earnings and an increase of 1.28% in revenue compared to the previous year [3] Analyst Revisions and Outlook - Recent revisions to analyst forecasts are crucial as they reflect near-term business trends, with positive changes indicating a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which assesses estimate changes, currently ranks TD at 4 (Sell), with a recent downward shift of 0.87% in the EPS estimate [6] Valuation Metrics - TD's Forward P/E ratio stands at 10.4, which is higher than the industry average of 8.83, and its PEG ratio is 1.84 compared to the industry average of 0.96 [7] Industry Context - The Banks - Foreign industry, part of the Finance sector, has a Zacks Industry Rank of 159, placing it in the bottom 37% of over 250 industries [8]