Toronto-Dominion Bank Future Growth
Future criteria checks 2/6
Toronto-Dominion Bank is forecast to grow earnings and revenue by 18% and 2.1% per annum respectively. EPS is expected to grow by 20% per annum. Return on equity is forecast to be 14.1% in 3 years.
Key information
18.0%
Earnings growth rate
20.0%
EPS growth rate
| Banks earnings growth | 8.2% |
| Revenue growth rate | 2.1% |
| Future return on equity | 14.1% |
| Analyst coverage | Good |
| Last updated | 23 Sep 2024 |
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 10/31/2026 | 54,209 | 13,813 | N/A | N/A | 4 |
| 10/31/2025 | 52,304 | 13,601 | N/A | N/A | 9 |
| 10/31/2024 | 50,134 | 7,908 | N/A | N/A | 10 |
| 7/31/2024 | 52,309 | 7,692 | -77,008 | -74,990 | N/A |
| 4/30/2024 | 51,353 | 10,749 | -53,623 | -51,659 | N/A |
| 1/31/2024 | 51,573 | 11,471 | -57,870 | -55,958 | N/A |
| 10/31/2023 | 49,201 | 10,219 | -41,659 | -39,815 | N/A |
| 7/31/2023 | 50,403 | 13,965 | -45,578 | -43,827 | N/A |
| 4/30/2023 | 48,829 | 14,329 | -39,284 | -37,793 | N/A |
| 1/31/2023 | 45,759 | 14,978 | -51,697 | -50,173 | N/A |
| 10/31/2022 | 47,741 | 17,170 | -68,264 | -66,810 | N/A |
| 7/31/2022 | 43,859 | 14,324 | -23,082 | -21,731 | N/A |
| 4/30/2022 | 44,034 | 14,642 | -17,891 | -16,508 | N/A |
| 1/31/2022 | 43,627 | 14,527 | 38,323 | 39,483 | N/A |
| 10/31/2021 | 42,917 | 14,049 | 55,494 | 56,623 | N/A |
| 7/31/2021 | 42,780 | 15,410 | 20,681 | 21,772 | N/A |
| 4/30/2021 | 40,508 | 14,101 | 65,456 | 66,573 | N/A |
| 1/31/2021 | 37,213 | 11,918 | 12,656 | 14,007 | N/A |
| 10/31/2020 | 36,404 | 11,628 | -12,302 | -11,041 | N/A |
| 7/31/2020 | 34,926 | 9,337 | 3,475 | 4,632 | N/A |
| 4/30/2020 | 36,293 | 10,343 | -22,566 | -21,608 | N/A |
| 1/31/2020 | 38,578 | 12,006 | 9,548 | 10,381 | N/A |
| 10/31/2019 | 38,036 | 11,416 | 51,726 | 53,111 | N/A |
| 7/31/2019 | 38,053 | 11,519 | 38,526 | 39,365 | N/A |
| 4/30/2019 | 37,547 | 11,361 | 7,607 | 8,508 | N/A |
| 1/31/2019 | 36,878 | 11,097 | -25,231 | -24,471 | N/A |
| 10/31/2018 | 36,412 | 11,048 | -48,273 | -47,686 | N/A |
| 7/31/2018 | 35,638 | 10,784 | -54,184 | -53,553 | N/A |
| 4/30/2018 | 35,081 | 10,449 | N/A | -9,588 | N/A |
| 1/31/2018 | 34,128 | 10,030 | N/A | -3,456 | N/A |
| 10/31/2017 | 33,986 | 10,203 | N/A | -14,023 | N/A |
| 7/31/2017 | 33,438 | 9,807 | N/A | -10,019 | N/A |
| 4/30/2017 | 32,802 | 9,407 | N/A | -73,305 | N/A |
| 1/31/2017 | 32,504 | 8,967 | N/A | -6,646 | N/A |
| 10/31/2016 | 31,985 | 8,680 | N/A | -44,484 | N/A |
| 7/31/2016 | 31,326 | 8,233 | N/A | -10,176 | N/A |
| 4/30/2016 | 30,750 | 8,153 | N/A | -26,787 | N/A |
| 1/31/2016 | 30,459 | 7,973 | N/A | -50,622 | N/A |
| 10/31/2015 | 29,743 | 7,813 | N/A | -73,139 | N/A |
| 7/31/2015 | 29,286 | 7,716 | N/A | -100,249 | N/A |
| 4/30/2015 | 28,888 | 7,558 | N/A | -66,701 | N/A |
| 1/31/2015 | 28,547 | 7,673 | N/A | -83,369 | N/A |
| 10/31/2014 | 28,404 | 7,633 | N/A | -46,146 | N/A |
| 7/31/2014 | 27,971 | 7,486 | N/A | -47,915 | N/A |
| 4/30/2014 | 27,408 | 6,890 | N/A | -49,735 | N/A |
| 1/31/2014 | 26,555 | 6,610 | N/A | -44,381 | N/A |
| 10/31/2013 | 25,628 | 6,350 | N/A | -37,165 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TD's forecast earnings growth (18% per year) is above the savings rate (2.2%).
Earnings vs Market: TD's earnings (18% per year) are forecast to grow faster than the Canadian market (14.5% per year).
High Growth Earnings: TD's earnings are forecast to grow, but not significantly.
Revenue vs Market: TD's revenue (2.1% per year) is forecast to grow slower than the Canadian market (7% per year).
High Growth Revenue: TD's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TD's Return on Equity is forecast to be low in 3 years time (14.1%).