Royal Bank of Canada reports results for the quarter ended April 30 - Earnings Summary

• Royal Bank of Canada RY.TO reported quarterly adjusted earnings of C$3.12​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of C$2.92. The mean expectation of nine analysts for the quarter was for earnings of C$3.17 per share. Wall Street expected results to range from C$2.97 to C$3.26 per share.

• Revenue rose 10.7% to C$15.67 billion from a year ago; analysts expected C$15.71 billion.

• Royal Bank of Canada's reported EPS for the quarter was C$3.02​.

• The company reported quarterly net income of C$4.27 billion.

• Royal Bank of Canada shares had risen by 14.4% this quarter and gained 7.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Royal Bank of Canada is C$188.00

This summary was machine generated from LSEG data May 29 at 01:30 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)