With a strong earnings history and positive analyst sentiment, Toronto Dominion Bank is gearing up for its next earnings report.
Toronto Dominion Bank (TD) is set to report its earnings on August 27, 2026, before the market opens. Investors are eager to see if the bank can keep up its trend of beating earnings estimates, which it has done in three of the last four quarters. The consensus EPS estimate for this upcoming report is $2.47, reflecting a year-over-year growth of 10.1% from last year's earnings of $2.20.
Recent earnings trend
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Toronto Dominion Bank
TD.TO
TD.TO
Toronto Dominion Bank
WealthAwesomeMarket cap
$266.38B
P/E
18.9x
Div. yield
2.64%
Div. / share
$4.26
52W high
$175.33
52W low
$96.84
1W change
-6.43%
Beta
0.87
Analyst Price Targets
Based on analyst covering TD
Wall Street analysts forecast TD stock price to rise 5.8% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$170.77
+5.8% Upside
Current Price
C$161.42
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TD's historical volatility
30-Day Vol
20.7%
Annualized
90-Day Vol
18.5%
Annualized
Trend (90d)
+13.9%
Annualized drift
90d Mean
C$169.61
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$164.11 | C$152.79 โ C$176.26 |
| 60 trading days | C$166.84 | C$150.80 โ C$184.58 |
| 90 trading days | C$169.61 | C$149.87 โ C$191.96 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-07-31 | 2026-08-27 | โ | 2.4700 | โ |
| 2026-04-30 | 2026-05-28 | 2.3800 | 2.2600 | +5.3% |
| 2026-01-31 | 2026-02-26 | 2.3400 | 2.1700 | +7.8% |
| 2025-10-31 | 2025-12-04 | 1.8200 | 1.9400 | -6.2% |
| 2025-07-31 | 2025-08-28 | 2.2000 | 2.0200 | +8.9% |
| 2025-04-30 | 2025-05-22 | 1.9700 | 1.7900 | +10.1% |
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Investor takeaway: Given TD's solid track record of exceeding earnings expectations and the recent positive revisions in EPS estimates, investors may feel cautiously optimistic about the upcoming report.
EPS Estimate: $2.47
TD's EPS estimate for the upcoming quarter shows a 10.1% growth compared to the same period last year, indicating strong operational performance amidst a competitive banking landscape.
Bull case
TD has consistently beaten earnings estimates, averaging a surprise of 7.36% over the last two quarters. Analysts are optimistic, as a positive Earnings ESP suggests that the bank's earnings prospects are improving.
Bear case
Despite the positive outlook, some recent updates raise concerns about potential overvaluation. Some analysts believe TD could be 4% overvalued, considering its digital banking initiatives and regulatory costs.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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