Toronto-Dominion Bank reports results for the quarter ended April 30 - Earnings Summary

• Toronto-Dominion Bank TD.TO reported quarterly adjusted earnings of C$1.97​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of C$2.04. The mean expectation of thirteen analysts for the quarter was for earnings of C$1.76 per share. Wall Street expected results to range from C$1.59 to C$1.99 per share.

• Revenue rose 1% to C$13.96 billion from a year ago; analysts expected C$13.84 billion.

• Toronto-Dominion Bank's reported EPS for the quarter was C$6.27​.

• The company reported quarterly net income of C$10.93 billion.

• Toronto-Dominion Bank shares had risen by 4.3% this quarter and gained 17.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Toronto-Dominion Bank is C$94.00

This summary was machine generated from LSEG data May 22 at 01:31 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)