RE:RE:RE:RE:RE:Smoking Numbers for Q2!!! Although my estimate is more bullish than yours, I would be elated if we reach 210$/share in a year. We're definitely in the same boat together.
Eqb earnings over the last three years:
Q1 Q2 Q3 Q4
2021. 3.97 4.05 x x
2020. 1.70. 3.05 4.13 3.98
2019. 2.72 2.86 3.17 3.21
2018. 2.34. 2.45 2.8. 2.33
2017. 2.54. 2.28 2.21 2.38
During the last three years (excluding the Q1 2020 in which a large 35 million covid related provision for credit loss was taken.), the largest bump in earnings occurs between Q2 and Q3. So there is seasonality in eps. Whether you view it as significant or not is a matter of personal interpretation. Let's see what happens this year.
The company is much, much changed from what it was 4 years ago. I think it will be displacing a tremendous number of brick and mortar accounts towards their internet based web platform, Who wouldn't want a 1.25% interest rate on account balances or be able to open a US dollar based account with a 1% rate with the click of a button. I expect the growth to be much steadier/less bumpy going forward.
Hen