RBC Bearings Inc expected to post earnings of $1.96 a share - Earnings Preview
06/02/2024 15:13
* RBC Bearings Inc RBC.N RBC is expected to show a rise
in
quarterly revenue when it reports results on February 8 for the
period ending December 31 2023
* The Oxford Connecticut-based company is expected to
report a
7.2% increase in revenue to $376.797 million from $351.63
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on November
9 2023, for the period ended December 31, was for revenue
between $370.00 million and $380.00 million. (TOTAL REVENUE)
* LSEG'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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"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 $275.00, above its last closing price of $272.53.
The company's guidance on November 9 2023 for the period ended
December 31 was for gross profit margin between USD42.25% and
USD42.75%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 2.05 2.05 2.17 Beat 6
Jun. 30 2023 1.97 1.96 2.13 Beat 8.5
Mar. 31 2023 1.99 1.99 2.13 Beat 7.2
Dec. 31 2022 1.70 1.70 1.64 Missed -3.4
Sep. 1.79 1.80 1.93 Beat 7.4
30 2022
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
This summary was machine generated February 6 at 15:13 GMT. 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)