Royal Bank of Canada (NYSE:RY) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Royal Bank of Canada Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.17% to $1.29 in the quarter versus EPS of $1.15 in the year-earlier quarter.
Revenue: Decreased 15.23% to $7.77 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Royal Bank of Canada reported adjusted EPS income of $1.29 per share. By that measure, the company missed the mean analyst estimate of $1.3. It missed the average revenue estimate of $7.87 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS decreased 6.52% from $1.38 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.38 and has not changed. For the current year, the average estimate has moved up from a profit of $5.38 to a profit of $5.46 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)