RBC Bearings Inc expected to post earnings of $1.99 a share - Earnings Preview
17/05/2023 13:46
* RBC Bearings Inc RBC.N RBC is expected to show a rise
in
quarterly revenue when it reports results on May 19.
* The Oxford Connecticut-based company is expected to
report a
6.3% increase in revenue to $381.619 million from $358.88
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. The company's guidance on
February 9 2023, for the period ended March 31, was for revenue
between $375.00 million and $385.00 million.
* Refinitiv's mean analyst estimate for RBC Bearings Inc is
for
earnings of $1.99 per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 $250, above its last closing price of $220.71.
The company's guidance on February 9 2023 for the period ended
March 31 was for gross profit margin between USD41% and USD42%.
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 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. 31 2022 1.11 1.14 1.26 Beat 10.5
Dec. 0.54 0.57 0.70 Beat 23.7
31 2021
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
This summary was machine generated May 17 at 12:46 GMT. All
figures in US dollars unless otherwise stated