Why National Bank of Canada (NTIOF) is Poised to Beat Earnings Estimates Again

Core Insights - National Bank of Canada (NTIOF) has a strong history of beating earnings estimates and is well-positioned for future earnings growth [1][3] - The bank's average surprise for the last two quarters was 13.27%, indicating consistent performance above expectations [1][2] Earnings Performance - In the most recent quarter, National Bank of Canada reported earnings of $1.71 per share, missing the expected $2 per share by 16.96% [2] - For the previous quarter, the bank exceeded expectations by reporting $2.06 per share against a consensus estimate of $1.88 per share, resulting in a surprise of 9.57% [2] Earnings Estimates - There has been a favorable change in earnings estimates for National Bank of Canada, with a positive Earnings ESP of +9.84%, suggesting analysts are optimistic about the company's earnings prospects [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a strong likelihood of another earnings beat in the upcoming report [6] Predictive Metrics - 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 [4] - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5]