Pre-Market Earnings Report for August 26, 2025 : BMO, BNS, BEKE, ATAT, DQ, HDL, CDLR

A diverse group of companies, including major Canadian banks Bank of Montreal (BMO) and Bank of Nova Scotia (BNS), internet services firm KE Holdings (BEKE), and shipping company Cadeler A/S (CDLR), are set to report Q2 or Q3 2025 earnings prior to market open on August 26. Analyst consensus forecasts reveal a broad spectrum of expectations, highlighted by Cadeler's projected 134.62% EPS growth and KE Holdings' anticipated 36.36% decline, which follows a significant prior miss. Investors should note the varying P/E ratios against industry averages, particularly for leisure and restaurant companies like Atour Lifestyle (ATAT) and Super Hi International (HDL), which project positive EPS growth against largely unprofitable sectors, signaling distinct performance trends.

Analysis

Upcoming earnings reports for August 26, 2025, present a highly divergent outlook across various sectors. Canadian banks Bank of Montreal (BMO) and Bank of Nova Scotia (BNS) are projected to deliver stable, single-digit year-over-year EPS growth of 9.84% and 7.56%, respectively, with their forward P/E ratios of 13.84 and 11.69 sitting slightly above the industry average of 11.50, suggesting expectations for modest outperformance. In stark contrast, KE Holdings (BEKE) faces significant headwinds, with analysts forecasting a 36.36% decline in EPS, a concern amplified by its 52.63% earnings miss in the prior quarter. Conversely, high-growth stories are evident in Cadeler A/S (CDLR), which anticipates a remarkable 134.62% surge in EPS, and Atour Lifestyle (ATAT), expecting a 36.67% increase. Notably, both Atour Lifestyle and SUPER HI INTERNATIONAL (HDL) are expected to remain profitable, with P/E ratios of 22.47 and 23.73 respectively, despite their industries posting heavily negative average P/E ratios. Meanwhile, DAQO New Energy (DQ) is forecast to report a loss with an EPS of $-1.16, which, despite being a 35.91% improvement from the prior year, underscores ongoing profitability challenges.

Key Decisions for Investors

• Given KE Holdings' forecasted 36.36% EPS decline and its history of significant earnings misses, investors should exercise extreme caution and closely monitor the report for any guidance on operational turnaround.
• Cadeler A/S's projected 134.62% EPS growth alongside a P/E ratio of 10.24, which is below its industry average, may signal a potential value-growth opportunity that merits further due diligence.
• For investors seeking stability, the modest single-digit EPS growth forecast for Canadian banks BMO and BNS could be attractive, though their slight P/E premium suggests this outlook is already priced in.
• Consider the relative strength of companies like Atour Lifestyle and SUPER HI, which are demonstrating profitability in sectors where peers are largely unprofitable, as this could indicate superior business models or market positioning.
• Scrutinize companies like DAQO New Energy where a positive YoY percentage change still results in a net loss ($-1.16 EPS), ensuring that investment decisions are based on absolute profitability rather than just the rate of improvement.