Royal Bank of Canada <RY.N>: Profits of C$2.69 per share anticipated for fourth quarter

28 November 2022 01:44 p.m. All figures in Canadian dollars. Royal Bank of Canada is expected to show a decrease in its fourth quarter earnings to C$2.69​ per share according to the mean Refinitiv estimate from eleven analysts. Wall Street expects results to range from C$2.63 to ​C$2.77 per share. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". This includes three "Buy", * The average consensus recommendation for the banks peer group is "Hold". FORECAST CHANGES * Eleven analysts are currently providing Refinitiv with estimates. * In the last week there have been no positive earnings revisions and five analysts have revised earnings estimates downwards. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has fallen by 3.46 percent from C$2.79. Estimates ranged from a high of C$2.97 to a low of C$2.71. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the eleven analysts providing estimates is C$141.38. YEAR OVER YEAR * The company is expected to report a rise in revenue to C$12.4 billion from C$12.38 billion in the same quarter last year. * The current quarter consensus estimate of C$2.69 per share implies a loss of 0.70 percent from the same quarter last year when the company reported C$2.71 per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 2.68 2.55 Missed Apr. 30 2022 2.70 3.00 Beat Jan. 31 2022 2.74 2.87 Beat Oct. 31 2021 2.81 2.71 Missed This summary was machine generated from Refinitiv data November 28 at 01:44 p.m..