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Equitable Group (TSE:EQB)
:EQB
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Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.85Last Year’s EPS
2.81Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -0.48%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements such as record revenue and innovative product launches, but also highlighted challenges in the equipment financing segment and increased loan provisions. Despite these challenges, the management expressed confidence in the bank's strategic direction and future growth potential.Company Guidance
During the EQB.TO earnings call for Q4 2024, the management provided guidance on several key metrics. The company celebrated strong financial achievements, including a 15% return on equity (ROE) and surpassing $1 billion in revenue for the first time in its history. Despite facing challenges in Q4, particularly in equipment financing, which resulted in provisions for credit losses (PCLs) of $16 million, EQB expressed confidence in its growth trajectory for 2025. The bank anticipates improving its PCL ratio to 12 basis points next year and achieving an annual diluted EPS growth of 12% to 15%. Additionally, EQB plans to grow its dividend payments by approximately 15% annually and renew its normal course issuer bid (NCIB), reflecting its commitment to returning capital to shareholders while maintaining strategic investments in growth and innovation.Record Revenue Achievement
EQB's revenue exceeded $1 billion for the first time in its 54-year history, supported by strong performance in key growth areas.
ROE and Dividend Growth
Return on Equity (ROE) reached the 15% mark again, and there was an increase in dividends, reflecting consistent shareholder value.
Decumulation Lending Growth
The decumulation lending portfolio grew by 47% year-over-year, driven by demand from retirees.
Innovation in EQ Bank
Launched Canada's first all-digital Notice Savings Account, attracting $900 million in balances within five months.
Successful Funding and Deposits
Closed a $500 million fixed rate deposit note, with an order book that was about 5x oversubscribed.
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TSE:EQB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:EQB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 04, 2024 | C$108.92 | C$103.86 | -4.64% |
| Aug 28, 2024 | C$95.68 | C$94.56 | -1.17% |
| May 29, 2024 | C$77.67 | C$88.17 | +13.52% |
| Feb 28, 2024 | C$93.01 | C$84.48 | -9.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equitable Group (TSE:EQB) report earnings?
Equitable Group (TSE:EQB) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Equitable Group (TSE:EQB) earnings time?
Equitable Group (TSE:EQB) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EQB EPS forecast?
TSE:EQB EPS forecast for the fiscal quarter 2025 (Q1) is 2.85.
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