As the Royal Bank of Canada prepares to release its upcoming earnings report, investors are eager to see if the bank can maintain its impressive track record of beating estimates.
Royal Bank of Canada (RY.TO) is set to report its fiscal Q3 2026 earnings on August 27, 2026, before the market opens. With a history of consistently surprising investors with better-than-expected earnings, anticipation is high. This preview will explore the key metrics and expectations leading into the report.
Recent earnings trend
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Royal Bank of Canada
RY.TO
RY.TO
Royal Bank of Canada
WealthAwesomeMarket cap
$392.40B
P/E
18.4x
Div. yield
2.24%
Div. / share
$6.36
52W high
$304.55
52W low
$183.45
1W change
-5.82%
Beta
0.93
Analyst Price Targets
Based on analyst covering RY
Wall Street analysts forecast RY stock price to rise 4.2% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$294.38
+4.2% Upside
Current Price
C$282.62
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on RY's historical volatility
30-Day Vol
19.1%
Annualized
90-Day Vol
16.8%
Annualized
Trend (90d)
+34.2%
Annualized drift
90d Mean
C$319.30
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$294.35 | C$275.58 โ C$314.40 |
| 60 trading days | C$306.57 | C$279.29 โ C$336.52 |
| 90 trading days | C$319.30 | C$284.85 โ C$357.91 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-07-31 | 2026-08-27 | โ | 4.0700 | โ |
| 2026-04-30 | 2026-05-28 | 3.9000 | 3.7900 | +2.9% |
| 2026-01-31 | 2026-02-26 | 4.0800 | 3.8400 | +6.3% |
| 2025-10-31 | 2025-12-03 | 3.8500 | 3.5500 | +8.5% |
| 2025-07-31 | 2025-08-27 | 3.8400 | 3.2900 | +16.7% |
| 2025-04-30 | 2025-05-29 | 3.1200 | 3.2000 | -2.5% |
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Investor takeaway: Royal Bank of Canada has shown resilience and growth potential, making it a key focus for investors looking to take advantage of its strong earnings trajectory and broader market trends in the financial sector.
EPS Estimate: $4.07, Historical Beat Rate: 100% in Last Four Quarters
Royal Bank of Canada has beaten earnings estimates in all four of its most recent quarters, showcasing its impressive ability to exceed market expectations.
Bull case
Given its solid earnings history, RY.TO is expected to leverage its strong market position to deliver strong results, potentially surpassing the EPS estimate of $4.07 and boosting investor confidence.
Bear case
Despite its strong track record, ongoing trade tensions between Canada and the U.S. could pose risks to earnings growth. These tensions might dampen loan demand and impact profit margins.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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โ ๏ธ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
