B of A Earnings Estimate

BAC
 Stock
  

USD 32.31  0.23  0.72%   

Many public companies, such as B of A, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing B of A's earnings estimates, investors can diagnose different trends across B of A's analyst sentiment over time as well as compare current estimates against different timeframes.
B of A is projected to generate 3.49 in earnings per share on the 31st of December 2021. B of A earnings estimates module stress-tests analyst consensus about projected Bank Of America EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Continue to Trending Equities.
  
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The current year Gross Profit is expected to grow to about 97.6 B, whereas Profit Margin is forecasted to decline to 0.28.
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B of A Earnings Estimation Breakdown

Calculation of earning per share of Bank Of America is based on official Zacks consensus of 8 analysts regarding B of A future annual earnings. Given the historical accuracy of 93.37%, the future earnings per share of B of A is estimated to be 3.49 with the lowest and highest values of 3.36 and 3.53, respectively. Please note that this consensus of annual earnings estimates for Bank Of America is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 3.34
3.36
Lowest
Expected EPS 3.49
3.53
Highest

B of A Earnings Projection Consensus

Suppose the current estimates of B of A's value are higher than the current market price of the B of A stock. In this case, investors may conclude that B of A is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and B of A's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

8

93.37%

3.34

3.49

B of A Earnings History

Earnings estimate consensus by Bank Of America analysts from Wall Street is used by the market to judge B of A's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only B of A's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

B of A Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

8.37 Billion

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B of A Earnings per Basic Share are projected to slightly grow based on the last few years of reporting. The past year's Earnings per Basic Share were at 3.60. The current year Earnings per Diluted Share is expected to grow to 3.85, whereas Accumulated Retained Earnings Deficit are forecasted to decline to about 163.1 B. B of A Weighted Average Shares is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 8.49 Billion. The current year Weighted Average Shares Diluted is expected to grow to about 8.8 B, whereas Issuance Purchase of Equity Shares is forecasted to decline to (25.8 B).
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of B of A's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of B of A in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
30.3532.3834.41
Details
Intrinsic
Valuation
LowReal ValueHigh
29.0837.8339.86
Details
Naive
Forecast
LowNext ValueHigh
29.4231.4533.48
Details
15 Analysts
Consensus
LowTarget PriceHigh
40.0051.1164.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as B of A. Your research has to be compared to or analyzed against B of A's peers to derive any actionable benefits. When done correctly, B of A's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Bank Of America.
Note that many institutional investors and large investment bankers can move markets due to the volume of B of A assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards B of A. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving B of A stock price in the short term.

B of A Earnings per Share Projection vs Actual

Actual Earning per Share of B of A refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Bank Of America predict the company's earnings will be in the future. The higher the earnings per share of B of A, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

B of A Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as B of A, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of B of A should always be considered in relation to other companies to make a more educated investment decision.

B of A Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact B of A's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-04-18
2022-03-310.750.80.05
2022-01-19
2021-12-310.760.820.06
2021-10-14
2021-09-300.6990.850.15121 
2021-07-14
2021-06-300.76031.030.269735 
2021-04-15
2021-03-310.64730.860.212732 
2021-01-19
2020-12-310.53940.590.0506
2020-10-14
2020-09-300.49810.510.0119
2020-07-16
2020-06-300.28420.370.085830 
2020-04-15
2020-03-310.60090.4-0.200933 
2020-01-15
2019-12-310.69120.740.0488
2019-10-16
2019-09-300.68390.750.0661
2019-07-17
2019-06-300.7060.740.034
2019-04-16
2019-03-310.65620.70.0438
2019-01-16
2018-12-310.63060.70.069411 
2018-10-15
2018-09-300.61890.660.0411
2018-07-16
2018-06-300.57670.630.0533
2018-04-16
2018-03-310.58930.620.0307
2018-01-17
2017-12-310.44540.470.0246
2017-10-13
2017-09-300.45510.480.0249
2017-07-18
2017-06-300.4360.460.024
2017-04-18
2017-03-310.34770.410.062317 
2017-01-13
2016-12-310.3770.40.023
2016-10-17
2016-09-300.33560.410.074422 
2016-07-18
2016-06-300.32930.360.0307
2016-04-14
2016-03-310.21280.21-0.0028
2016-01-19
2015-12-310.270.280.01
2015-10-14
2015-09-300.330.370.0412 
2015-07-15
2015-06-300.360.450.0925 
2015-04-15
2015-03-310.290.27-0.02
2015-01-15
2014-12-310.310.25-0.0619 
2014-10-15
2014-09-30-0.09-0.010.0888 
2014-07-16
2014-06-300.290.22-0.0724 
2014-04-16
2014-03-310.050.10.05100 
2014-01-15
2013-12-310.260.290.0311 
2013-10-16
2013-09-300.180.20.0211 
2013-07-17
2013-06-300.250.320.0728 
2013-04-17
2013-03-310.220.2-0.02
2013-01-17
2012-12-310.020.030.0150 
2012-10-17
2012-09-30-0.07-0.00310.066995 
2012-07-18
2012-06-300.140.170.0321 
2012-04-19
2012-03-310.120.240.12100 
2012-01-19
2011-12-310.150.150
2011-10-18
2011-09-300.190.310.1263 
2011-07-19
2011-06-30-0.9-0.90
2011-04-15
2011-03-310.270.17-0.137 
2011-01-21
2010-12-310.140.04-0.171 
2010-10-19
2010-09-300.160.270.1168 
2010-07-16
2010-06-300.220.270.0522 
2010-04-16
2010-03-310.090.280.19211 
2010-01-20
2009-12-31-0.52-0.6-0.0815 
2009-10-16
2009-09-30-0.21-0.26-0.0523 
2009-07-17
2009-06-300.280.330.0517 
2009-04-20
2009-03-310.050.440.39780 
2009-01-16
2008-12-310.08-0.48-0.56700 
2008-10-06
2008-09-300.620.15-0.4775 
2008-07-21
2008-06-300.530.720.1935 
2008-04-21
2008-03-310.410.23-0.1843 
2008-01-22
2007-12-310.180.05-0.1372 
2007-10-18
2007-09-301.060.82-0.2422 
2007-07-19
2007-06-301.21.280.08
2007-04-19
2007-03-311.151.170.02
2007-01-23
2006-12-311.181.190.01
2006-10-19
2006-09-301.151.220.07
2006-07-19
2006-06-301.11.220.1210 
2006-04-20
2006-03-3111.080.08
2006-01-23
2005-12-311.020.94-0.08
2005-10-19
2005-09-301.021.040.02
2005-07-18
2005-06-301.011.080.07
2005-04-18
2005-03-310.971.160.1919 
2005-01-18
2004-12-310.940.940
2004-10-14
2004-09-300.90.910.01
2004-07-14
2004-06-300.870.930.06
2004-04-14
2004-03-310.890.920.03
2004-01-15
2003-12-310.890.920.03
2003-10-14
2003-09-300.850.960.1112 
2003-07-14
2003-06-300.790.90.1113 
2003-04-14
2003-03-310.740.80.06
2003-01-15
2002-12-310.820.850.03
2002-10-15
2002-09-300.710.730.02
2002-07-15
2002-06-300.70.70
2002-04-15
2002-03-310.670.690.02
2002-01-22
2001-12-310.620.640.02
2001-10-15
2001-09-300.620.640.02
2001-07-16
2001-06-300.590.620.03
2001-04-16
2001-03-310.570.570
2001-01-16
2000-12-310.430.430
2000-10-16
2000-09-300.650.660.01
2000-07-17
2000-06-300.620.620
2000-04-17
2000-03-310.620.670.05
2000-01-18
1999-12-310.610.620.01
1999-10-18
1999-09-300.60.620.02
1999-07-19
1999-06-300.570.570
1999-04-19
1999-03-310.520.550.03
1999-01-19
1998-12-310.460.460
1998-10-14
1998-09-300.430.25-0.1841 
1998-07-13
1998-06-300.570.590.02
1998-04-13
1998-03-310.530.590.0611 
1998-01-12
1997-12-310.560.560
1997-10-14
1997-09-300.540.540
1997-07-14
1997-06-300.50.510.01
1997-04-14
1997-03-310.460.470.01
1997-01-13
1996-12-310.530.540.01
1996-10-15
1996-09-300.510.520.01
1996-07-15
1996-06-300.490.50.01
1996-04-15
1996-03-310.470.480.01

About B of A Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of B of A earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current B of A estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as B of A fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit188.1 B163.1 B
Earning Before Interest and Taxes EBIT34 B29.7 B
Earnings per Basic Share 3.60  3.88 
Earnings per Diluted Share 3.57  3.85 
Price to Earnings Ratio 12.36  12.68 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA35.9 B32 B
Earnings before Tax34 B29.7 B
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company was founded in 1784 and is based in Charlotte, North Carolina. B of A operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 208000 people.

B of A Investors Sentiment

The influence of B of A's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in B of A. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

B of A Implied Volatility

    
  38.45  
B of A's implied volatility exposes the market's sentiment of Bank Of America stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if B of A's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that B of A stock will not fluctuate a lot when B of A's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards B of A in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, B of A's short interest history, or implied volatility extrapolated from B of A options trading.

Current Sentiment - BAC

Bank Of America Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Bank Of America. What is your opinion about investing in Bank Of America? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with B of A

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if B of A position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in B of A will appreciate offsetting losses from the drop in the long position's value.

B of A Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to B of A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B of A when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back B of A - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank Of America to buy it.
The correlation of B of A is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as B of A moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for B of A can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the Bank Of America information on this page should be used as a complementary analysis to other B of A's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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When running Bank Of America price analysis, check to measure B of A's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy B of A is operating at the current time. Most of B of A's value examination focuses on studying past and present price action to predict the probability of B of A's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move B of A's price. Additionally, you may evaluate how the addition of B of A to your portfolios can decrease your overall portfolio volatility.
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Is B of A's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of B of A. If investors know B of A will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about B of A listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.07
Market Capitalization
260.3 B
Quarterly Revenue Growth YOY
-0.06
Return On Assets
0.01
Return On Equity
0.11
The market value of Bank Of America is measured differently than its book value, which is the value of B of A that is recorded on the company's balance sheet. Investors also form their own opinion of B of A's value that differs from its market value or its book value, called intrinsic value, which is B of A's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because B of A's market value can be influenced by many factors that don't directly affect B of A's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between B of A's value and its price as these two are different measures arrived at by different means. Investors typically determine B of A value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B of A's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.