Royal Bank of Canada's Earnings: A Preview

Royal Bank of Canada RY is gearing up to announce its quarterly earnings on Wednesday, 2024-12-04. Here's a quick overview of what investors should know before the release.

Analysts are estimating 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.

Past Earnings Performance

The company's EPS beat by $0.22 in the last quarter, leading to a 0.3% increase in the share price on the following 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 $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.