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Royal Bank of Canada Future Growth

Future criteria checks 1/6

Royal Bank of Canada is forecast to grow earnings and revenue by 3.1% and 5.4% per annum respectively. EPS is expected to grow by 2.6% per annum. Return on equity is forecast to be 14.2% in 3 years.

Key information

3.1%

Earnings growth rate

2.6%

EPS growth rate

Banks earnings growth	10.3%
Revenue growth rate	5.4%
Future return on equity	14.2%
Analyst coverage	Good
Last updated	07 Jun 2024

Recent future growth updates

No updates

Recent updates

No updates

Earnings and Revenue Growth Forecasts

OTCPK:RBMC.F - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
10/31/2026	62,734	17,290	N/A	N/A	4
10/31/2025	59,555	15,910	N/A	N/A	11
10/31/2024	56,429	15,546	N/A	N/A	11
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	50,729	14,320	-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	-15,896	-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
10/31/2013	29,445	7,991	N/A	-34,772	N/A
7/31/2013	28,996	7,798	N/A	-32,027	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBMC.F's forecast earnings growth (3.1% per year) is above the savings rate (2.4%).

Earnings vs Market: RBMC.F's earnings (3.1% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: RBMC.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: RBMC.F's revenue (5.4% per year) is forecast to grow slower than the US market (8.5% per year).

High Growth Revenue: RBMC.F's revenue (5.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RBMC.F's Return on Equity is forecast to be low in 3 years time (14.2%).