Bank of Nova Scotia Future Growth
Future criteria checks 2/6
Bank of Nova Scotia is forecast to grow earnings and revenue by 7.8% and 8.1% per annum respectively. EPS is expected to grow by 6.9% per annum. Return on equity is forecast to be 10.8% in 3 years.
Key information
7.8%
Earnings growth rate
6.9%
EPS growth rate
| Banks earnings growth | 8.2% |
| Revenue growth rate | 8.1% |
| Future return on equity | 10.8% |
| Analyst coverage | Good |
| Last updated | 17 Jan 2024 |
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 10/31/2026 | 37,267 | 8,913 | N/A | N/A | 2 |
| 10/31/2025 | 34,951 | 7,187 | N/A | N/A | 7 |
| 10/31/2024 | 33,627 | 6,888 | N/A | N/A | 9 |
| 10/31/2023 | 29,252 | 6,991 | 11,804 | 12,246 | N/A |
| 7/31/2023 | 28,697 | 7,695 | -33,277 | -32,811 | N/A |
| 4/30/2023 | 28,813 | 8,113 | -53,902 | -53,457 | N/A |
| 1/31/2023 | 29,316 | 8,679 | -72,231 | -71,649 | N/A |
| 10/31/2022 | 29,801 | 9,656 | -79,533 | -78,962 | N/A |
| 7/31/2022 | 30,447 | 10,118 | -67,828 | -67,243 | N/A |
| 4/30/2022 | 30,437 | 10,040 | -64,214 | -63,736 | N/A |
| 1/31/2022 | 29,954 | 9,734 | -96,027 | -95,565 | N/A |
| 10/31/2021 | 29,435 | 9,391 | -91,838 | -91,376 | N/A |
| 7/31/2021 | 28,299 | 8,725 | -65,729 | -65,255 | N/A |
| 4/30/2021 | 26,475 | 7,631 | -71,265 | -70,715 | N/A |
| 1/31/2021 | 25,345 | 6,585 | 25,186 | 25,907 | N/A |
| 10/31/2020 | 25,252 | 6,582 | 27,911 | 28,682 | N/A |
| 7/31/2020 | 26,093 | 6,974 | -4,645 | -3,929 | N/A |
| 4/30/2020 | 27,486 | 7,481 | -8,403 | -7,918 | N/A |
| 1/31/2020 | 28,306 | 8,363 | -68,642 | -68,378 | N/A |
| 10/31/2019 | 27,882 | 8,208 | -72,916 | -72,730 | N/A |
| 7/31/2019 | 27,650 | 8,185 | -69,172 | -68,939 | N/A |
| 4/30/2019 | 26,942 | 8,302 | -53,012 | -52,607 | N/A |
| 1/31/2019 | 26,536 | 8,219 | -33,038 | -32,629 | N/A |
| 10/31/2018 | 26,164 | 8,361 | -22,943 | -22,527 | N/A |
| 7/31/2018 | 25,582 | 8,233 | -15,553 | -15,332 | N/A |
| 4/30/2018 | 25,665 | 8,293 | -7,698 | -7,583 | N/A |
| 1/31/2018 | 25,135 | 8,216 | -27,095 | -27,071 | N/A |
| 10/31/2017 | 24,906 | 7,876 | -10,932 | -10,932 | N/A |
| 7/31/2017 | 24,831 | 7,798 | N/A | -6,639 | N/A |
| 4/30/2017 | 24,579 | 7,642 | N/A | -7,383 | N/A |
| 1/31/2017 | 24,427 | 7,166 | N/A | -1,096 | N/A |
| 10/31/2016 | 23,938 | 6,987 | N/A | -2,166 | N/A |
| 7/31/2016 | 23,311 | 6,833 | N/A | -13,387 | N/A |
| 4/30/2016 | 22,886 | 6,740 | N/A | -103 | N/A |
| 1/31/2016 | 22,533 | 6,978 | N/A | -2,814 | N/A |
| 10/31/2015 | 22,107 | 6,897 | N/A | 2,511 | N/A |
| 7/31/2015 | 21,706 | 6,486 | N/A | 9,731 | N/A |
| 4/30/2015 | 22,151 | 6,986 | N/A | -6,313 | N/A |
| 1/31/2015 | 22,012 | 6,958 | N/A | -6,151 | N/A |
| 10/31/2014 | 21,901 | 6,916 | N/A | -15,280 | N/A |
| 7/31/2014 | 21,807 | 7,140 | N/A | -23,822 | N/A |
| 4/30/2014 | 20,919 | 6,510 | N/A | -6,584 | N/A |
| 1/31/2014 | 20,439 | 6,278 | N/A | 88 | N/A |
| 10/31/2013 | 20,011 | 6,162 | N/A | 2,926 | N/A |
| 7/31/2013 | 19,475 | 5,993 | N/A | -2,667 | N/A |
| 4/30/2013 | 19,384 | 6,302 | N/A | -16,245 | N/A |
| 1/31/2013 | 18,954 | 6,171 | N/A | -14,470 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BNS.PRI's forecast earnings growth (7.8% per year) is above the savings rate (1.9%).
Earnings vs Market: BNS.PRI's earnings (7.8% per year) are forecast to grow slower than the Canadian market (13.1% per year).
High Growth Earnings: BNS.PRI's earnings are forecast to grow, but not significantly.
Revenue vs Market: BNS.PRI's revenue (8.1% per year) is forecast to grow faster than the Canadian market (6.8% per year).
High Growth Revenue: BNS.PRI's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BNS.PRI's Return on Equity is forecast to be low in 3 years time (10.8%).