Move decomposition
Earnings contribution and valuation offset
The market move is separated into the change in trailing earnings power and the offset from relative valuation.
US Equity · NYSE · Earnings Dossier
BMO earnings intelligence
Bank of MontrealFinancial Services · Banks - Diversified · USD reporting basis
Current earnings profile
Mixed earnings transmission
Delivery and market response do not currently form a persistent directional pattern.
Evidence99/100 · Deep
Next scheduled catalyst
Tuesday 25 August 2026
Before the open · Fiscal period ending 31 Jul 2026
47event risk
Elevated
Countdown12 dayscalendar proximity
EPS estimate3.03 USDprovider consensus
Estimate growth-6.2%versus comparable year-ago actual
Historical movement4.3%average absolute next weekly close
Three-year earnings transmission
Delivered earnings power versus market price
Market price is leading earnings power; the spread is widening and has persisted through 11 updates. Both series begin at 100, so the gap isolates the relative change in price and trailing earnings power.
Market move147.0%2023-08-18 to 2026-08-07
Earnings move8.7%trailing diluted EPS
Unresolved spread-138.3 ptsWidening
Current multiple13.6xprice divided by TTM EPS
Relationship pressure93/100Extreme
Model confidence95/100High
Relationship controls
What qualifies the headline spread
Business quality supportive
Cash generation and operating evidence are broadly supportive.
Expectations stretched
Price has moved materially faster than delivered earnings power.
Beat rate50.0%6 beats in 12 measured quarters
Average surprise-0.1%median 0.7%
Delivery streak66 consecutive beats
Average response+1.3%12 measured reactions
Result-price confirmation64%same directional sign
Surprise variability12.2 ptspopulation dispersion
Estimate delivery
Actual EPS versus consensus
Actual and estimated EPS are displayed in reported currency on the same quarterly basis.
Price acceptance
Surprise and next weekly close
The response uses the first completed weekly close after the public report against the prior completed weekly close.
Fundamental delivery
Quarterly revenue and net income
Reported financial statements provide scale and earnings quality context around the headline EPS result.
Transmission matrix
Does price confirm delivery?
Upper right and lower left observations confirm the sign of delivery. The other quadrants expose expectation or resilience effects.
Current business context
Growth, quality and valuation
EPS growth17.8%year on year
Revenue growth-3.5%year on year
Average surprise6.7%latest four quarters
SUE0.31standardised surprise
Net margin12.6%trailing basis
Cash conversion2.18xcash flow / net income
P/E13.1xcurrent snapshot
Data completeness100%alphavantage
Market context
Positioning into the event
Weekly close181.55 USDcompleted week
13-week return18.7%price momentum
Fair-value gap73.3%price versus current fair value
Relative strength15.4exchange benchmark
Trend signalActiveweekly architecture
Next-week statePositive63.9%
Market context describes the setup surrounding the report. It does not convert the earnings event into a directional forecast.
Reported evidence ledger
Quarter-by-quarter delivery and acceptance
Each row preserves the reported estimate, public date, statement context and conservative weekly reaction measurement.
Reported / periodEPS actual / estimateSurpriseEPS growthRevenue / growthNext close / four weeksRead
Reported / period27 May 202630 Apr 2026 · exact
EPS actual / estimate3.67 / 3.45USD
Surprise+6.4%Beat
EPS growth+46.8%year on year
Revenue / growth19283000000+0.2% · USD
Next close / four weeks+0.7% / +6.1%completed weekly closes
ReadContainedresult versus price sign
Reported / period25 Feb 202631 Jan 2026 · exact
EPS actual / estimate3.48 / 3.21USD
Surprise+8.4%Beat
EPS growth+14.5%year on year
Revenue / growth19319000000-5.5% · USD
Next close / four weeks-1.4% / -8.3%completed weekly closes
ReadDivergedresult versus price sign
Reported / period4 Dec 202531 Oct 2025 · exact
EPS actual / estimate2.97 / 2.89USD
Surprise+2.8%Beat
EPS growth+56.3%year on year
Revenue / growth19280000000-2.4% · USD
Next close / four weeks+2.2% / +3.8%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period26 Aug 202531 Jul 2025 · exact
EPS actual / estimate3.23 / 2.96USD
Surprise+9.1%Beat
EPS growth+22.3%year on year
Revenue / growth19189000000-6.2% · USD
Next close / four weeks+5.5% / +13.6%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period28 May 202530 Apr 2025 · exact
EPS actual / estimate2.50 / 2.39USD
Surprise+4.6%Beat
EPS growth+31.6%year on year
Revenue / growth19238000000-1.7% · USD
Next close / four weeks+3.3% / +1.1%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period25 Feb 202531 Jan 2025 · exact
EPS actual / estimate3.04 / 2.40USD
Surprise+26.7%Beat
EPS growth+18.8%year on year
Revenue / growth20442000000+8.8% · USD
Next close / four weeks+2.3% / -3.7%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period5 Dec 202431 Oct 2024 · exact
EPS actual / estimate1.90 / 2.39USD
Surprise-20.5%Miss
EPS growth-32.4%year on year
Revenue / growth19744000000+4.0% · USD
Next close / four weeks+8.5% / +1.9%completed weekly closes
ReadDivergedresult versus price sign
Reported / period27 Aug 202431 Jul 2024 · exact
EPS actual / estimate2.64 / 2.76USD
Surprise-4.3%Miss
EPS growth-5.0%year on year
Revenue / growth20463000000- · USD
Next close / four weeks-5.3% / +1.8%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period29 May 202430 Apr 2024 · exact
EPS actual / estimate1.90 / 2.03USD
Surprise-6.4%Miss
EPS growth-year on year
Revenue / growth19570000000- · USD
Next close / four weeks-6.7% / -12.3%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period27 Feb 202431 Jan 2024 · exact
EPS actual / estimate2.56 / 3.03USD
Surprise-15.5%Miss
EPS growth-year on year
Revenue / growth18781000000- · USD
Next close / four weeks-4.4% / +0.6%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period1 Dec 202331 Oct 2023 · exact
EPS actual / estimate2.81 / 2.85USD
Surprise-1.4%Miss
EPS growth-year on year
Revenue / growth18981000000- · USD
Next close / four weeks+6.8% / +20.3%completed weekly closes
ReadDivergedresult versus price sign
Reported / period29 Aug 202331 Jul 2023 · exact
EPS actual / estimate2.78 / 3.13USD
Surprise-11.2%Miss
EPS growth-year on year
Revenue / growth-- · USD
Next close / four weeks+4.3% / +3.9%completed weekly closes
ReadDivergedresult versus price sign
Reproducible method
How the earnings dossier is measured
Reported diluted EPS is compared with the stored estimate for the same fiscal period. Moves within ±0.5% are classified as in-line.
The first completed weekly close after the public date is compared with the prior completed weekly close. Four-week response uses the first close at least 21 days later.
Risk combines proximity, average absolute price movement, surprise variability, estimate availability and timing certainty. It does not score direction.
Exact public dates are used when stored. Missing estimates, timing and statement fields remain missing. No result or reaction is filled from a future observation.
Independent market research for education. Not investment advice, a recommendation, forecast, target or execution instruction.