RB Global Inc reports results for the quarter ended September 30 - Earnings Summary

RB Global

08/11/2024 16:19

* RB Global Inc  RBA.TO  reported quarterly adjusted
earnings of
71 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 72 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 66 cents per share. Wall Street
expected results to range from 61 cents to 70 cents per share.
    * Revenue fell 3.7% to $981.80 million from a year ago;
analysts
expected $1.03 billion. 
    * RB Global Inc's reported EPS for the quarter was 36
cents​.
    * The company reported quarterly net income of $66.9
million.
    * RB Global Inc shares had risen by 13.8% this quarter and
gained 39.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for RB Global Inc is
$98.00 
This summary was machine generated from LSEG data November 8 at
04:19 p.m. UTC. ​All figures in US 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.66           0.71           Beat
 Jun. 30 2024      0.84           0.94           Beat
 Mar. 31 2024      0.69           0.90           Beat
 Dec. 31 2023      0.70           0.82           Beat