Royal Bank of Canada (NYSE:RY) is set to give its latest quarterly earnings report on Wednesday, 2024-12-04. Here's what investors need to know before the announcement.
Analysts estimate that Royal Bank of Canada will report an earnings per share (EPS) of $2.16.
The announcement from Royal Bank of Canada is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings History Snapshot
Last quarter the company beat EPS by $0.22, which was followed by a 0.3% increase in the share price the next day.
Here's a look at Royal Bank of Canada's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 2.16 | 2.02 | 2.060 | 1.93 |
| EPS Actual | 2.38 | 2.15 | 2.094 | 2.07 |
| Price Change % | 0.0% | 1.0% | 1.0% | 1.0% |
Royal Bank of Canada Share Price Analysis
Shares of Royal Bank of Canada were trading at $125.12 as of November 29. Over the last 52-week period, shares are up 37.36%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Royal Bank of Canada visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
