RBC Bearings Inc reports results for the quarter ended in December - Earnings Summary

RBC Bearings

10/02/2023 24:17

* RBC Bearings Inc  RBC.N  reported quarterly adjusted
earnings of
$1.64​​ per share for the quarter ended in December. The mean
expectation of nine analysts for the quarter was for earnings of
$1.70 per share.
    * Revenue rose 31.7% to $351.63 million from a year ago;
analysts
expected $359.78 million. 
    * RBC Bearings Inc's reported EPS for the quarter was
$1.05​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * RBC Bearings Inc shares had risen by 12.9% this quarter.
    * The company reported quarterly net income of $30.58
million.
    * Wall Street's median 12-month price target for RBC
Bearings Inc
is $240.00 
    * 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." 

This summary was machine generated from Refinitiv data February
10 at 12:17 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.70           1.64           Missed
 Sep. 30 2022      1.80           1.93           Beat
 Jun. 30 2022      1.47           1.79           Beat
 Mar. 31 2022      1.14           1.26           Beat