Earnings Outlook For Bank of Montreal
Portfolio Pulse from Benzinga Insights
Bank of Montreal (NYSE:BMO) is scheduled to release its quarterly earnings report on February 27, 2024, with an expected EPS of $2.25. Analysts and investors are keen on whether BMO will surpass this estimate and provide positive guidance for the next quarter. The company's past earnings performance shows mixed results with minor fluctuations in share price post-earnings announcement. Currently, BMO shares are trading at $94.92, with a slight increase of 0.15% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
February 26, 2024 | 3:02 pm
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Bank of Montreal is expected to report an EPS of $2.25 for the upcoming quarter. Investors are optimistic but cautious, given the company's mixed past earnings performance.
Given the anticipation around beating the EPS estimate and the importance of forward guidance, BMO's stock could see positive movement if it meets or exceeds expectations. The historical data shows that the stock price has been relatively stable post-earnings, suggesting that a significant beat or positive guidance could positively impact the stock. However, the confidence level is not at the maximum due to the mixed results in past earnings and the general unpredictability of market reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100