Toronto-Dominion Bank (TD) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - Toronto-Dominion Bank (TD) closed at $57.79, with a +1.16% change from the previous day, which is lower than the S&P 500's gain of 1.69% [1] - The stock has decreased by 0.21% over the past month, outperforming the Finance sector's loss of 1.73% and the S&P 500's loss of 4.78% [1] Upcoming Earnings - The company is set to release its earnings on August 22, 2024, with an expected EPS of $1.51, reflecting a 2.03% growth year-over-year [2] - Revenue is projected to be $10.15 billion, indicating a 6.64% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated to be $5.87 per share, with revenue expected at $40.76 billion, representing shifts of -0.84% and +9.26% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Toronto-Dominion Bank are important as they reflect near-term business trends, with positive revisions indicating optimism about the company's outlook [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 rated stocks averaging an annual return of +25% since 1988 [5] - Toronto-Dominion Bank currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - The current Forward P/E ratio for Toronto-Dominion Bank is 9.73, which is a premium compared to the industry's average Forward P/E of 7.67 [6] - The company has a PEG ratio of 1.57, while the average PEG ratio for the Banks - Foreign industry is 0.84 [6] Industry Overview - The Banks - Foreign industry, part of the Finance sector, has a Zacks Industry Rank of 41, placing it in the top 17% of over 250 industries [7] - The top 50% rated industries are shown to outperform the bottom half by a factor of 2 to 1 [7]