Analysts Estimate Toronto-Dominion Bank (TD) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Toronto-Dominion Bank (TD) despite an increase in revenues when it reports its results for the quarter ended January 2025 [1][3]. Earnings Expectations - The earnings report is expected to be released on February 27, 2025, with a consensus EPS estimate of $1.36, reflecting a -7.5% change year-over-year [3]. - Revenues are projected to be$ 10.45 billion, which is a 3.8% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 2.99% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for TD is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.92% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP suggests a potential earnings beat, but the current Zacks Rank for TD is 4 (Sell), complicating the prediction of an earnings beat [11][12]. - Historically, TD has beaten consensus EPS estimates three out of the last four quarters [13]. Industry Context - In the broader context of the Zacks Banks - Foreign industry, Bank of Nova Scotia (BNS) is expected to report earnings of $1.17 per share, indicating a -6.4% year-over-year change, with revenues expected to decline by 1.1% to$ 6.17 billion [17][18]. - BNS has an Earnings ESP of -1.50% and a Zacks Rank of 4, making it difficult to predict an earnings beat [18].