Market Overview

Earnings Preview for Royal Bank of Canada


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:


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Posted-In: Earnings