Royal Bank of Canada (NYSE: RY) announces its next round of earnings this Wednesday, August 26. Here is Benzinga's everything-that-matters guide for this Wednesday's Q3 earnings announcement.
Earnings and Revenue
Sell-side analysts expect Royal Bank of Canada's EPS to be near $1.61 on sales of $8.32 billion. In the same quarter last year, Royal Bank of Canada announced EPS of $1.665 on revenue of $8.66 billion. Analysts estimate would represent a 3.3% decrease in the company's earnings per share. Sales would have fallen 0% from the same quarter last year.
Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.60 | 1.60 | 1.60 | 1.610 |
| EPS Actual | 0.75 | 1.88 | 1.65 | 1.665 |
| Revenue Estimate | 8.32 B | 8.32 B | 8.32 B | 8.05 B |
| Revenue Actual | 7.49 B | 9.88 B | 8.58 B | 8.66 B |
Stock Performance
Over the last 52-week period, shares are up 1.85%.
Considering these returns, shareholders will likely be feeling neutral going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Royal Bank of Canada is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/4eomfjsk
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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