RBC Bearings Inc expected to post earnings of $1.14 a share - Earnings Preview

RBC Bearings

24/05/2022 16:11

* RBC Bearings Inc  ROLL.OQ   ROLL.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 26. 
    * The Oxford Connecticut-based  company is expected to
report  a
118.2% increase in revenue to $349.794 million from $160.3
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for RBC Bearings Inc is
for
earnings of $1.14 per share. For the same quarter last year, the
company reported earnings of $1.08 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for RBC
Bearings Inc
is $235​, above​ its last closing price of $162.05. ​​​
    * 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 2021  0.54        0.57       0.70      Beat    23.7
 Sep. 30 2021  1.03        1.03       0.89      Missed  -13.9
 Jun. 30 2021  1.00        1.00       1.04      Beat    4.5​
 Mar. 31 2021  1.08        1.05       1.08      Beat    3.1
 ​​Dec.        0.85        0.85       0.90      Beat    6.3
 31 2020                                                
 Sep. 30 2020  0.87        0.88       0.93      Beat    6.3​
 Jun. 30 2020  0.86        0.87       0.95      Beat    9.5
 Mar. 31 2020  1.31        1.33       1.33      Met     0.2
 This summary was machine generated May 24 at 15:11 GMT.  All
figures in US dollars  unless otherwise stated