Bank of Montreal expected to post earnings of C$3.07 a share - Earnings Preview

Published on November 29, 2022 06:07 AM EST

Bank of Montreal expected to post earnings of C$3.07 a share - Earnings Preview — Image source: ©2022 Kalkine Media®

* Bank of Montreal is expected to show a rise in quarterly revenue when it reports results on December 1. * The Toronto Ontario-based company is expected to report a 10.3% increase in revenue to C$6.988 billion from C$6.33 billion a year ago, according to the mean estimate from 6 analysts, based on Refinitiv data. * Refinitiv's mean analyst estimate for Bank of Montreal is for earnings of C$3.07 per share. * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." * The mean earnings estimate of analysts was unchanged in the last three months. * Wall Street's median 12-month price target for Bank of Montreal is C$148, above its last closing price of C$130.03. Previous quarterly performance (using preferred earnings measure in Canadian dollars). QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI ENDING ARTESTIMAT IBES MET, SE % E® ESTIMATE MISSED Jul. 31 2022 3.15 3.14 3.09 Missed -1.5 Apr. 30 2022 3.23 3.21 3.23 Beat 0.7 Jan. 31 2022 3.30 3.28 3.89 Beat 18.6 Oct. 31 2021 3.24 3.21 3.33 Beat 3.7 Jul. 2.96 2.94 3.44 Beat 17.2 31 2021 Apr. 30 2021 2.76 2.77 3.13 Beat 13.1 Jan. 31 2021 2.15 2.15 3.06 Beat 42.2 Oct. 31 2020 1.90 1.90 2.41 Beat 26.6 This summary was machine generated November 29 at 11:07 GMT. All figures in Canadian dollars unless otherwise stated.

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