Royal Bank of Canada Future Growth
Future criteria checks 0/6
Royal Bank of Canada is forecast to grow earnings and revenue by 2.1% and 6.1% per annum respectively. EPS is expected to grow by 4.6% per annum. Return on equity is forecast to be 12.8% in 3 years.
Key information
2.1%
Earnings growth rate
4.6%
EPS growth rate
| Banks earnings growth | 7.9% |
| Revenue growth rate | 6.1% |
| Future return on equity | 12.8% |
| Analyst coverage | Good |
| Last updated | 25 Nov 2024 |
Recent future growth updates
Recent updates
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 10/31/2026 | 64,675 | 16,440 | N/A | N/A | 6 |
| 10/31/2025 | 60,936 | 16,136 | N/A | N/A | 9 |
| 10/31/2024 | 57,240 | 15,772 | N/A | N/A | 9 |
| 7/31/2024 | 56,508 | 15,904 | -66,895 | -64,517 | N/A |
| 4/30/2024 | 54,897 | 15,327 | -52,874 | -50,656 | N/A |
| 1/31/2024 | 53,508 | 15,058 | -33,263 | -30,749 | N/A |
| 10/31/2023 | 53,661 | 14,623 | -20,641 | -17,911 | N/A |
| 7/31/2023 | 49,217 | 14,308 | -24,064 | -21,332 | N/A |
| 4/30/2023 | 48,648 | 14,025 | -41,345 | -38,584 | N/A |
| 1/31/2023 | 48,365 | 14,595 | -53,908 | -51,300 | N/A |
| 10/31/2022 | 48,501 | 15,547 | -89,091 | -86,591 | N/A |
| 7/31/2022 | 48,918 | 15,557 | -64,483 | -62,107 | N/A |
| 4/30/2022 | 50,422 | 16,277 | -75,324 | -72,920 | N/A |
| 1/31/2022 | 50,574 | 16,033 | -51,905 | -49,558 | N/A |
| 10/31/2021 | 50,446 | 15,781 | -30,018 | -27,832 | N/A |
| 7/31/2021 | 48,508 | 15,135 | -20,418 | -18,293 | N/A |
| 4/30/2021 | 47,457 | 14,030 | 25,383 | 27,434 | N/A |
| 1/31/2021 | 43,246 | 11,512 | -4,879 | -2,566 | N/A |
| 10/31/2020 | 42,830 | 11,164 | 9,364 | 11,993 | N/A |
| 7/31/2020 | 43,036 | 11,128 | 11,155 | 13,840 | N/A |
| 4/30/2020 | 41,910 | 11,193 | -23,836 | -21,208 | N/A |
| 1/31/2020 | 45,480 | 12,934 | -31,025 | -28,580 | N/A |
| 10/31/2019 | 44,138 | 12,591 | -37,804 | -35,543 | N/A |
| 7/31/2019 | 43,583 | 12,630 | -53,665 | -51,461 | N/A |
| 4/30/2019 | 43,143 | 12,464 | -34,435 | -32,193 | N/A |
| 1/31/2019 | 41,850 | 12,282 | -41,624 | -39,440 | N/A |
| 10/31/2018 | 41,269 | 12,115 | -33,005 | -31,025 | N/A |
| 7/31/2018 | 41,242 | 11,696 | -26,985 | -25,125 | N/A |
| 4/30/2018 | 40,331 | 11,372 | N/A | -14,329 | N/A |
| 1/31/2018 | 40,661 | 11,117 | N/A | 1,136 | N/A |
| 10/31/2017 | 39,519 | 11,128 | N/A | 4,429 | N/A |
| 7/31/2017 | 38,527 | 10,829 | N/A | 16,655 | N/A |
| 4/30/2017 | 38,696 | 10,923 | N/A | -12,175 | N/A |
| 1/31/2017 | 37,652 | 10,685 | N/A | 39,362 | N/A |
| 10/31/2016 | 37,249 | 10,111 | N/A | 7,925 | N/A |
| 7/31/2016 | 35,677 | 10,168 | N/A | 885 | N/A |
| 4/30/2016 | 34,298 | 9,766 | N/A | -13,964 | N/A |
| 1/31/2016 | 33,780 | 9,706 | N/A | -44,415 | N/A |
| 10/31/2015 | 34,205 | 9,734 | N/A | -62,830 | N/A |
| 7/31/2015 | 34,517 | 9,491 | N/A | -69,622 | N/A |
| 4/30/2015 | 34,666 | 9,389 | N/A | -48,075 | N/A |
| 1/31/2015 | 34,150 | 9,086 | N/A | -47,446 | N/A |
| 10/31/2014 | 32,844 | 8,697 | N/A | -37,165 | N/A |
| 7/31/2014 | 32,492 | 8,441 | N/A | -37,813 | N/A |
| 4/30/2014 | 30,686 | 8,341 | N/A | -43,973 | N/A |
| 1/31/2014 | 30,084 | 8,039 | N/A | -57,032 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RY.PRJ's forecast earnings growth (2.1% per year) is below the savings rate (2.3%).
Earnings vs Market: RY.PRJ's earnings (2.1% per year) are forecast to grow slower than the Canadian market (16.4% per year).
High Growth Earnings: RY.PRJ's earnings are forecast to grow, but not significantly.
Revenue vs Market: RY.PRJ's revenue (6.1% per year) is forecast to grow slower than the Canadian market (6.9% per year).
High Growth Revenue: RY.PRJ's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RY.PRJ's Return on Equity is forecast to be low in 3 years time (12.8%).