Earnings Outlook For Royal Bank of Canada
Portfolio Pulse from Benzinga Insights
Royal Bank of Canada (NYSE:RY) is scheduled to release its quarterly earnings report on February 28, 2024, with analysts expecting an EPS of $2.08. The company's past earnings performance shows a pattern of beating EPS estimates, which has occasionally led to positive stock price movements the following day. Shares are currently trading at $97.97, having decreased by 0.37% over the last year. Investors are looking for not only an earnings beat but also positive guidance for future growth.
February 27, 2024 | 2:01 pm
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Royal Bank of Canada is expected to report an EPS of $2.08 for the upcoming quarter. Historical data shows a tendency to beat EPS estimates, which has sometimes led to positive stock price movements the following day.
Given Royal Bank of Canada's history of beating EPS estimates and the subsequent positive impact on its stock price, there is a reasonable expectation for a short-term positive movement in RY's stock price, especially if the company beats the EPS estimate again and provides positive future guidance.
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IMPORTANCE 90
RELEVANCE 100