Investors eagerly anticipate the release of Bank of America's forthcoming earnings report on July 16, 2024. The ongoing market outlook is already bullish, so any upbeat result could be positive.
BAC Outlook: Earnings Projection
The company's anticipated earnings per share (EPS) are $0.79, representing a 10.23% decline from last year's quarter. Furthermore, the consensus revenue estimate is $25.19 billion, representing a minor decrease of 0.05% from the same quarter in the previous year.
According to analysts' projections, earnings per share could be $3.22, with revenue of $101.81 billion for the entire fiscal year. The actual result could represent a -5.85% and +3.28% increase from the previous year.
Investors should closely monitor Bank of America's recent analyst estimates, as these revisions frequently suggest that short-term business trends are evolving. Upward revisions to the organization's estimates may indicate optimism regarding its future performance.
