Laurentian Bank of Canada reports results for the quarter ended January 31 - Earnings Summary

• Laurentian Bank of Canada LB.TO reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 91 cents. The mean expectation of ten analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from 69 cents to 90 cents per share.

• Revenue fell 3.7% to C$248.76 million from a year ago; analysts expected C$245.14 million.

• Laurentian Bank of Canada's reported EPS for the quarter was 76 cents​.

• The company reported quarterly net income of C$38.6 million.

• Laurentian Bank of Canada shares had fallen by 4.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Laurentian Bank of Canada is C$29.00

This summary was machine generated from LSEG data February 28 at 01:20 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)