Just went through the earnings reports from late February and early March - some interesting patterns emerging across different sectors. The Canadian banks really stood out to me. RY (Royal Bank of Canada) came in with consensus EPS of $2.81, which was up 10.2% year-over-year, though they did miss by about 2% in Q2 last year. But here's what caught my attention: RY is trading at a 14.92 P/E while the banking industry average is 12.10, suggesting the market thinks they've got stronger growth potential than peers.

TD (Toronto Dominion) actually impressed more on the consistency front - they beat expectations every single quarter in the past year, with their best beat at 6.85% in Q4. Their EPS forecast came in at $1.63, up 17.27% from the same quarter prior. CM (Canadian Imperial) followed a similar pattern with consistent beats and 12.26% YoY growth in consensus EPS. All three of these RY-comparable institutions are trading above their industry P/E ratios, which makes sense given their track records.

On the energy side, VST (Vistra) showed massive EPS growth expectations of 120% YoY, though they'd massively missed the previous quarter by over 47%. ARGX (argenx) was even wilder with 294% growth expected but also had a 13.66% miss in Q4 2024. Meanwhile, LNG (Cheniere Energy) disappointed with an 11.55% EPS decline expected and had already missed Q1 2025 by a huge 44%. The biotech and utilities sectors seem to be all over the place right now - some huge beats, some brutal misses. Worth watching how these actually play out.