share_log

Royal Bank of Canada: Q1 Earnings Insights

Benzinga ·  Feb 28 06:05

Royal Bank of Canada (NYSE:RY) reported its Q1 earnings results on Wednesday, February 28, 2024 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Royal Bank of Canada beat estimated earnings by 2.0%, reporting an EPS of $2.094 versus an estimate of $2.06.

Revenue was down $1.29 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.14 which was followed by a 1.0% increase in the share price the next day.

Here's a look at Royal Bank of Canada's past performance:

QuarterQ4 2023Q3 2023Q2 2023Q1 2023
EPS Estimate1.931.992.052.16
EPS Actual2.072.111.962.26
Revenue Estimate9.57B9.70B9.64B9.84B
Revenue Actual9.71B10.79B9.98B11.20B

To track all earnings releases for Royal Bank of Canada visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment