Ritchie Bros Auctioneers Inc expected to post earnings of 48  cents a share - Earnings Preview

RB Global

08/05/2023 21:09

* Ritchie Bros Auctioneers Inc  RBA.TO   is expected to show
a
rise in quarterly revenue when it reports  results on May 10. 
    * The Burnaby British Columbia-based  company is expected to
report  a 9.4% increase in revenue to $430.801 million from
$393.92 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ritchie Bros
Auctioneers
Inc is for earnings of 48 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 4.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Ritchie
Bros
Auctioneers Inc is $66.5​, below​ its last closing price
of C$76.14. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.60        0.58       0.68      Beat    16.7
 Sep. 30 2022  0.35        0.37       0.38      Beat    3.6
 Jun. 30 2022  0.62        0.63       0.48      Missed  -23.5​
 Mar. 31 2022  0.23        0.22       1.60      Beat    614.3
 ​​Dec.        0.56        0.56       0.27      Missed  -51.6
 31 2021                                                
 Sep. 30 2021  0.32        0.33       0.35      Beat    5.1​
 Jun. 30 2021  0.61        0.62       0.55      Missed  -10.6
 Mar. 31 2021  0.22        0.21       0.27      Beat    26.2
 This summary was machine generated May 8 at 20:09 GMT.  All
figures in US dollars  unless otherwise stated