Q1 2019 Earnings Estimate for Laurentian Bank of Canada (LB) Issued By Desjardins

Laurentian Bank of Canada (TSE:LB) – Research analysts at Desjardins issued their Q1 2019 earnings estimates for Laurentian Bank of Canada in a research report issued to clients and investors on Wednesday, December 5th. Desjardins analyst D. Young anticipates that the company will earn $1.33 per share for the quarter. Desjardins also issued estimates for Laurentian Bank of Canada’s Q2 2019 earnings at $1.30 EPS, FY2019 earnings at $5.25 EPS and FY2020 earnings at $5.50 EPS.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings results on Tuesday, September 4th. The company reported C$1.34 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.47 by C($0.13). The company had revenue of C$260.66 million during the quarter, compared to analyst estimates of C$267.51 million.

A number of other equities research analysts have also recently weighed in on LB. CIBC dropped their price target on Laurentian Bank of Canada from C$47.00 to C$43.00 in a research note on Thursday. BMO Capital Markets decreased their price objective on Laurentian Bank of Canada from C$50.00 to C$45.00 and set a “market perform” rating on the stock in a report on Thursday. TD Securities decreased their price objective on Laurentian Bank of Canada from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Thursday. National Bank Financial decreased their price objective on Laurentian Bank of Canada from C$45.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada decreased their price objective on Laurentian Bank of Canada from C$56.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$46.64.

LB opened at C$38.96 on Friday. Laurentian Bank of Canada has a 1-year low of C$37.05 and a 1-year high of C$58.08.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.

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Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

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