EQB Future Growth

Future criteria checks 2/6

EQB is forecast to grow earnings and revenue by 6.7% and 6.6% per annum respectively. EPS is expected to grow by 7.1% per annum. Return on equity is forecast to be 15.3% in 3 years.

Key information

6.7%

Earnings growth rate

7.1%

EPS growth rate

Banks earnings growth	5.8%
Revenue growth rate	6.6%
Future return on equity	15.3%
Analyst coverage	Good
Last updated	12 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSX:EQB - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
10/31/2026	1,302	538	N/A	N/A	1
10/31/2025	1,321	480	N/A	N/A	5
10/31/2024	1,223	435	N/A	N/A	5
10/31/2023	1,124	438	-1,041	-999	N/A
6/30/2023	959	346	-1,883	-1,812	N/A
3/31/2023	819	275	-2,991	-2,918	N/A
12/31/2022	745	265	-3,750	-3,673	N/A
9/30/2022	710	300	-4,201	-4,145	N/A
6/30/2022	686	295	-4,921	-4,874	N/A
3/31/2022	687	307	-3,890	-3,848	N/A
12/31/2021	651	288	-3,632	-3,594	N/A
9/30/2021	629	279	-3,574	-3,538	N/A
6/30/2021	615	281	-2,435	-2,403	N/A
3/31/2021	576	263	-1,885	-1,855	N/A
12/31/2020	515	219	-836	-808	N/A
9/30/2020	499	204	-370	-344	N/A
6/30/2020	472	185	-571	-547	N/A
3/31/2020	471	186	-333	-311	N/A
12/31/2019	484	202	-1,476	-1,456	N/A
9/30/2019	442	186	-2,248	-2,227	N/A
6/30/2019	420	179	-2,441	-2,421	N/A
3/31/2019	388	162	-2,859	-2,837	N/A
12/31/2018	374	161	-2,595	-2,575	N/A
9/30/2018	368	161	-2,270	-2,257	N/A
6/30/2018	349	151	-2,279	-2,263	N/A
3/31/2018	348	153	-1,741	-1,730	N/A
12/31/2017	348	156	-1,098	-1,088	N/A
9/30/2017	346	157	N/A	-1,033	N/A
6/30/2017	339	154	N/A	-533	N/A
3/31/2017	325	149	N/A	-1,117	N/A
12/31/2016	303	134	N/A	-1,575	N/A
9/30/2016	284	123	N/A	-1,219	N/A
6/30/2016	272	120	N/A	-1,168	N/A
3/31/2016	263	120	N/A	-853	N/A
12/31/2015	255	121	N/A	-475	N/A
9/30/2015	245	116	N/A	-847	N/A
6/30/2015	236	112	N/A	-1,415	N/A
3/31/2015	224	106	N/A	-1,281	N/A
12/31/2014	215	102	N/A	-1,076	N/A
9/30/2014	208	103	N/A	-861	N/A
6/30/2014	200	98	N/A	-614	N/A
3/31/2014	192	94	N/A	-996	N/A
12/31/2013	182	90	N/A	-1,097	N/A
9/30/2013	173	84	N/A	-996	N/A
6/30/2013	168	81	N/A	-836	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EQB's forecast earnings growth (6.7% per year) is above the savings rate (2.1%).

Earnings vs Market: EQB's earnings (6.7% per year) are forecast to grow slower than the Canadian market (12.2% per year).

High Growth Earnings: EQB's earnings are forecast to grow, but not significantly.

Revenue vs Market: EQB's revenue (6.6% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: EQB's revenue (6.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EQB's Return on Equity is forecast to be low in 3 years time (15.3%).

EQB Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.2% to CA$94.63

EQB Inc. Raises Earnings Guidance for the Year 2023

Equitable Group Inc. Provides Earnings Guidance for the Year 2022

Price target decreased to CA$89.71

Price target increased to CA$93.06

Recent updates

EQB Inc. to Report Q2, 2024 Results on May 29, 2024

President recently sold CA$649k worth of stock

President exercised options to buy CA$2.0m worth of stock.

President recently sold CA$448k worth of stock

Upcoming dividend of CA$0.42 per share

EQB (TSE:EQB) Will Pay A Larger Dividend Than Last Year At CA$0.42

Fourth quarter dividend of CA$0.42 announced

EQB Inc. Declares Dividend, Payable on March 28, 2024

EQB Inc. to Report Q1, 2024 Results on Feb 28, 2024

EQB Inc., Annual General Meeting, Apr 10, 2024

President recently sold CA$338k worth of stock

President recently sold CA$1.1m worth of stock

President exercised options to buy CA$872k worth of stock.

President recently sold CA$2.5m worth of stock

EQB Inc. (TSX:EQB) completed the acquisition of 75% stake in ACM Advisors Ltd.

EQB (TSE:EQB) Is Increasing Its Dividend To CA$0.40

EQB Inc. Declares Dividend, Payable on December 29, 2023

Do EQB's (TSE:EQB) Earnings Warrant Your Attention?

President recently sold CA$681k worth of stock

President exercised options to buy CA$744k worth of stock.

President exercised options to buy CA$1.5m worth of stock.

EQB Inc. to Report Q4, 2023 Results on Dec 07, 2023

EQB Inc. (TSX:EQB) entered into a definitive agreement to acquire 75% stake in ACM Advisors Ltd.

Upcoming dividend of CA$0.38 per share at 1.9% yield

EQB's (TSE:EQB) Shareholders Will Receive A Bigger Dividend Than Last Year

Senior VP & Chief Risk Officer exercised options and sold CA$1.7m worth of stock

EQB's (TSE:EQB) Upcoming Dividend Will Be Larger Than Last Year's

Price target increased by 7.2% to CA$94.63

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

EQB Inc. Raises Earnings Guidance for the Year 2023

EQB Inc. to Report Q2, 2023 Results on Aug 01, 2023

President recently sold CA$326k worth of stock

President recently sold CA$326k worth of stock

Upcoming dividend of CA$0.37 per share at 2.2% yield

EQB (TSE:EQB) Has Announced That It Will Be Increasing Its Dividend To CA$0.37

EQB Inc. Announces Management Changes

EQB's (TSE:EQB) Dividend Will Be Increased To CA$0.37

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Insider recently bought CA$70k worth of stock

Insider recently sold CA$113k worth of stock

Upcoming dividend of CA$0.35 per share at 2.2% yield

EQB's (TSE:EQB) Upcoming Dividend Will Be Larger Than Last Year's

EQB Inc. Declares Common Share Dividend for the First Quarter of 2023, Payable on March 31, 2023

Full year 2022 earnings: EPS misses analyst expectations

EQB Inc. to Report Q4, 2022 Results on Feb 16, 2023

President exercised options to buy CA$560k worth of stock.

President exercised options to buy CA$1.2m worth of stock.

President exercised options to buy CA$861k worth of stock.

Upcoming dividend of CA$0.33 per share

President exercised options and sold CA$490k worth of stock

Insider recently bought CA$154k worth of stock

EQB (TSE:EQB) Is Increasing Its Dividend To CA$0.33

President exercised options and sold CA$207k worth of stock

EQB's (TSE:EQB) Shareholders Will Receive A Bigger Dividend Than Last Year

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

EQB Inc. Announces Management Changes

EQB Inc. to Report Q3, 2022 Results on Nov 08, 2022

Upcoming dividend of CA$0.31 per share

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

EQB Inc. Declares Dividend, Payable on September 30, 2022

Do EQB's (TSE:EQB) Earnings Warrant Your Attention?

EQB Inc. to Report Q2, 2022 Results on Aug 09, 2022

Upcoming dividend of CA$0.29 per share

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Equitable Group Inc. Provides Earnings Guidance for the Year 2022

Price target decreased to CA$89.71

Equitable Group Inc. to Report Q1, 2022 Results on May 10, 2022

Equitable Group Inc. to Report Q1, 2022 Results on May 10, 2022

Upcoming dividend of CA$0.28 per share

With EPS Growth And More, Equitable Group (TSE:EQB) Is Interesting