Toronto-Dominion Bank First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Toronto-Dominion Bank (TSE:TD) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$12.7b (up 10% from 1Q 2023).
- Net income: CA$2.75b (up 84% from 1Q 2023).
- Profit margin: 22% (up from 13% in 1Q 2023).
- EPS: CA$1.55 (up from CA$0.82 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Toronto-Dominion Bank Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 8.1%.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Canada.
Performance of the Canadian Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Toronto-Dominion Bank, and understanding it should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Toronto-Dominion Bank might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About TSX:TD
Toronto-Dominion Bank
Provides various financial products and services in Canada, the United States, and internationally.
Flawless balance sheet average dividend payer.