Why Canadian Imperial Bank (CM) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Canadian Imperial Bank (CM) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Group 1: Earnings Performance - Canadian Imperial Bank has consistently beaten earnings estimates, with an average surprise of 11.71% over the last two quarters [2]. - In the last reported quarter, the bank achieved earnings of $1.55 per share, surpassing the Zacks Consensus Estimate of $1.38 per share by 12.32% [3]. - For the previous quarter, the bank's earnings were $1.40 per share against an expectation of $1.26 per share, resulting in an 11.11% surprise [3]. Group 2: Earnings Estimates and Predictions - Recent changes in earnings estimates for Canadian Imperial Bank have been favorable, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [6]. - The current Earnings ESP for Canadian Imperial Bank is +1.58%, suggesting analysts have become more optimistic about the company's earnings prospects [9]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [7].