National Bank of Canada Q3 2024 Adj. EPS C$2.54 Beats C$2.49 Estimate, Sales C$2.750B Miss C$2.865B Estimate
Portfolio Pulse from Benzinga Newsdesk
National Bank of Canada reported Q3 2024 earnings per share of C$2.54, beating estimates, but sales of C$2.750 billion missed expectations. EPS increased by 8.55% year-over-year, while sales grew by 12.43%.
August 28, 2024 | 10:49 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
National Bank of Canada's Q3 2024 earnings per share exceeded expectations, but sales fell short. Despite the sales miss, both EPS and sales showed significant year-over-year growth.
The earnings per share beat suggests positive operational performance, but the sales miss indicates potential challenges in revenue generation. The mixed results could lead to short-term volatility in NTIOF's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100