RBC Bearings Inc expected to post earnings of $1.96 a share - Earnings Preview
02/08/2023 19:31
* RBC Bearings Inc RBC.N RBC is expected to show a rise
in
quarterly revenue when it reports results on August 4.
* The Oxford Connecticut-based company is expected to
report a
10.0% increase in revenue to $389.478 million from $354.08
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on May
19 2023, for the period ended June 30, was for revenue between
$380.00 million and $390.00 million.
* Refinitiv's mean analyst estimate for RBC Bearings Inc is
for
earnings of $1.96 per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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 $241, above its last closing price of $226.32.
The company's guidance on May 19 2023 for the period ended June
30 was for gross profit margin between USD41% and USD41.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Mar. 31 2023 1.99 1.99 2.13 Beat 7.2
Dec. 31 2023 1.70 1.70 1.64 Missed -3.4
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. 1.11 1.14 1.26 Beat 10.5
31 2022
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
This summary was machine generated August 2 at 18:31 GMT. All
figures in US dollars unless otherwise stated