Toronto-Dominion Bank stock closed down, underperforming the market

From Nasdaq: 2024-11-25 18:15:07

Toronto-Dominion Bank (TD) closed at $55.84, down -0.57% from the previous session. The stock’s performance lagged behind the S&P 500’s gain of 0.3%. TD’s shares had lost 0.32% in the past month, trailing the Finance sector’s 4.87% gain and the S&P 500’s 2.1% increase.

Investors await TD’s upcoming earnings report on December 5, 2024. The company is expected to post an EPS of $1.18, a 12.59% decrease from the previous year. Revenue estimates project $10.26 billion in net sales, up 6.18% from the same period last year. Analysts’ revisions reflect business performance and profit potential.

TD’s Zacks Rank of #3 (Hold) is influenced by estimate changes. The stock’s Forward P/E ratio of 10.01 is higher than the industry average of 7.87. TD’s PEG ratio of 1.94 considers expected earnings growth. The Banks – Foreign industry ranks 73 out of 250+, in the top 29%.

Zacks’ Research Chief identifies TD as a stock with potential to double in value. With a growing customer base and innovative solutions, TD is set for significant growth. The top pick in Zacks’ list of stocks likely to double shows promise for substantial gains.

For more information on TD’s stock movement, industry rankings, and expert recommendations, visit Zacks.com. Stay updated on the latest stock-moving metrics and potential investment opportunities. Zacks Investment Research provides valuable insights for informed decision-making.



Read more at Nasdaq: Toronto-Dominion Bank (TD) Stock Sinks As Market Gains: Here’s Why