Earnings Preview For Royal Bank of Canada

Royal Bank of Canada RY is set to give its latest quarterly earnings report on Thursday, 2023-08-24. 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 $2.00.

Royal Bank of Canada bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.09, which was followed by a 1.47% 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:

Stock Performance

Shares of Royal Bank of Canada were trading at $88.28 as of August 22. Over the last 52-week period, shares are down 8.85%. Given that these returns are generally negative, long-term shareholders are likely bearish 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.