Versabank VBNK.TO is expected to show a fall in quarterly revenue when it reports results on December 9 for the period ending October 31 2024
The London Ontario-based company is expected to report a 9.0% decrease in revenue to C$26.543 million from C$29.17 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.
LSEG's mean analyst estimate for Versabank is for earnings of 38 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "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 Versabank is $17.00, below its last closing price of $18.03.
Previous quarterly performance (using preferred earnings measure in Canadian dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jul. 31 2024 | 0.47 | 0.47 | 0.36 | Missed | -22.7 |
Apr. 30 2024 | 0.45 | 0.45 | 0.45 | Met | 0 |
Jan. 31 2024 | 0.47 | 0.47 | 0.48 | Beat | 2.1 |
Oct. 31 2023 | 0.40 | 0.43 | 0.47 | Beat | 9.8 |
Jul. 31 2023 | 0.36 | 0.39 | 0.38 | Missed | -2.2 |
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This summary was machine generated December 6 at 13:42 GMT. All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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