RBC Bearings Inc expected to post earnings of $1.70 a share - Earnings Preview

RBC Bearings

08/02/2023 01:56

* RBC Bearings Inc  RBC.N   RBC  is expected to show a rise
in
quarterly revenue when it reports  results on February 9. 
    * The Oxford Connecticut-based  company is expected to
report  a
34.8% increase in revenue to $359.782 million from $266.95
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
November 10 2022, for the period ended December 31, was for
revenue between $348.00 million and $360.00 million.
    * ​Refinitiv's mean analyst estimate for RBC Bearings Inc is
for
earnings of $1.70 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "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 $240​, below​ its last closing price of $240.28. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.79        1.80       1.93      Beat    7.4
 Jun. 30 2022  1.44        1.47       1.79      Beat    21.5
 Mar. 31 2022  1.11        1.14       1.26      Beat    10.5​
 Dec. 31 2021  0.54        0.57       0.70      Beat    23.7
 ​​Sep.        1.03        1.03       0.89      Missed  -13.9
 30 2021                                                
 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. 31 2020  0.85        0.85       0.90      Beat    6.3
 This summary was machine generated February 8 at 01:56 GMT.  All
figures in US dollars  unless otherwise stated