RBC Bearings Inc expected to post earnings of $2.36 a share - Earnings Preview
15/05/2024 13:36
* RBC Bearings Inc RBC.N RBC is expected to show a rise
in
quarterly revenue when it reports results on May 17 for the
period ending January 1 0001
* The Oxford Connecticut-based company is expected to
report a
4.8% increase in revenue to $413.508 million from $394.42
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on February
8 2024, for the period ended March 31, was for revenue between
$405.00 million and $415.00 million. (TOTAL REVENUE)
* LSEG's mean analyst estimate for RBC Bearings Inc is for
earnings of $2.36 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 $306.00, above its last closing price of $272.70.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 1.98 1.96 1.85 Missed -5.6
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. 1.70 1.70 1.64 Missed -3.4
31 2022
Jan. 1 0001 1.79 1.80 1.93 Beat 7.4
Jan. 1 0001 1.44 1.47 1.79 Beat 21.5
Mar. 31 2022 1.11 1.14 1.26 Beat 10.5
This summary was machine generated May 15 at 12:36 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)