Laurentian Bank of Canada (TSX:LB, Financial) is set to release its Q4 2024 earnings on Dec 6, 2024. The consensus estimate for Q4 2024 revenue is $250.27 million, and the earnings are expected to come in at $0.84 per share. The full year 2024's revenue is expected to be $1.02 billion and the earnings are expected to be $-0.43 per share. More detailed estimate data can be found on the Forecast page.
Laurentian Bank of Canada (TSX:LB, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Laurentian Bank of Canada (TSX:LB) have declined slightly for both 2024 and 2025. For the full year 2024, the revenue estimate decreased from $1.02 billion to $1.02 billion. Similarly, for 2025, the revenue estimate decreased from $1.02 billion to $1.02 billion. On the earnings front, estimates for 2024 have improved, increasing from $-0.45 per share to $-0.43 per share. Meanwhile, earnings estimates for 2025 have remained flat at $3.61 per share.
Laurentian Bank of Canada (TSX:LB, Financial) Reported History
In the previous quarter of 2024-07-31, Laurentian Bank of Canada's (TSX:LB) actual revenue was $256.50 million, which beat analysts' revenue expectations of $254.995 million by 0.59%. Laurentian Bank of Canada's (TSX:LB) actual earnings were $0.67 per share, which missed analysts' earnings expectations of $0.74 per share by -9.46%. After releasing the results, Laurentian Bank of Canada (TSX:LB) was down by -4.27% in one day.
Laurentian Bank of Canada (TSX:LB, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 11 analysts, the average target price for Laurentian Bank of Canada (TSX:LB) is $27.36 with a high estimate of $31.00 and a low estimate of $23.00. The average target implies a downside of -6.22% from the current price of $29.18.
Based on GuruFocus estimates, the estimated GF Value for Laurentian Bank of Canada (TSX:LB, Financial) in one year is $32.23, suggesting an upside of 10.45% from the current price of $29.18.
Based on the consensus recommendation from 11 brokerage firms, Laurentian Bank of Canada's (TSX:LB, Financial) average brokerage recommendation is currently 3.4, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
