Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Toronto-Dominion Bank (NYSE: TD), which belongs to the Zacks Banks - Foreign industry, could be a great candidate to consider.
When looking at the last two reports, this retail and wholesale bank has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.32%, on average, in the last two quarters.
For the last reported quarter, Toronto-Dominion came out with earnings of $1.50 per share versus the Zacks Consensus Estimate of $1.35 per share, representing a surprise of 11.11%. For the previous quarter, the company was expected to post earnings of $1.42 per share and it actually produced earnings of $1.47 per share, delivering a surprise of 3.52%.
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