Will Royal Bank (RY) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Royal Bank has consistently surpassed earnings estimates, averaging a beat of 8.30% over the last two quarters [1][2] - The most recent earnings report showed an actual earnings per share (EPS) of $2.38, exceeding the expected$2.15 by 10.70% [2] - The previous quarter also saw a positive surprise, with an actual EPS of $2.15 against an estimate of$2.03, resulting in a 5.91% surprise [2] Earnings Estimates and Predictions - Recent estimates for Royal Bank have been revised upwards, indicating a positive outlook for future earnings [3] - The Zacks Earnings ESP for Royal Bank is currently +0.09%, suggesting analysts are optimistic about the company's earnings prospects [6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high probability of another earnings beat [6][4] Earnings ESP Metric - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of beating consensus estimates [4] - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] - A negative Earnings ESP does not necessarily indicate an earnings miss, as many companies can still beat consensus estimates [7] Upcoming Earnings Report - Royal Bank's next earnings report is expected to be released on December 4, 2024 [6]