Royal Bank of Canada's Earnings Outlook

Royal Bank of Canada RY is set to give its latest quarterly earnings report on Wednesday, 2021-12-01. Here's what investors need to know before the announcement.

Analysts estimate that Royal Bank of Canada will likely report an Earnings Per Share (EPS) of $2.19.

Royal Bank of Canada bulls will hope to hear the company to 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).

Past Earnings Performance

Last quarter the company beat EPS by $0.83, which was followed by a 1.2% drop 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 $101.7 as of November 29. Over the last 52-week period, shares are up 22.43%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.