Benzinga | Dec 1, 2021 10:02AM EST

Earnings Preview For The Toronto-Dominion Bank

The Toronto-Dominion Bank (NYSE:TD) is set to give its latest quarterly earnings report on Thursday, 2021-12-02. Here's what investors need to know before the announcement.

Analysts estimate that The Toronto-Dominion Bank will likely report an Earnings Per Share (EPS) of $1.55.

The Toronto-Dominion Bank bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.44, which was followed by a 0.06% drop in the share price the next day.

Here's a look at The Toronto-Dominion Bank's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 1.16 1.16 1.16 1.16EPS Actual 1.60 1.62 1.40 1.21Price Change % -0.06% 0.28% -2.66% 0.96%

Stock Performance

Shares of The Toronto-Dominion Bank were trading at $72.06 as of November 30. Over the last 52-week period, shares are up 32.31%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here