Earnings Outlook For Royal Bank of Canada
Portfolio Pulse from Benzinga Insights
Royal Bank of Canada (NYSE:RY) is set to release its latest quarterly earnings report on 2023-05-25, with analysts estimating an EPS of $2.06. Last quarter, the company beat EPS by $0.10, resulting in a 1.92% share price increase the next day. Over the last 52-week period, shares are down 9.38%.
May 24, 2023 | 4:07 pm
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Royal Bank of Canada's upcoming earnings report on 2023-05-25 has an estimated EPS of $2.06. Last quarter, RY beat EPS by $0.10, resulting in a 1.92% share price increase the next day. Shares are down 9.38% over the last 52-week period.
The upcoming earnings report will likely have a short-term impact on RY's stock price. Last quarter's earnings beat led to a 1.92% share price increase the next day. However, the overall negative performance of the stock over the last 52 weeks may limit the potential for a significant price increase. The estimated EPS of $2.06 and the company's past performance make it difficult to predict a clear direction for the stock price in the short term.
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