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

RBC Bearings

04/08/2023 14:33

* RBC Bearings Inc  RBC.N  reported quarterly adjusted
earnings of
$2.13​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of $1.96 per share.
    * Revenue rose 9.3% to $387.12 million from a year ago;
analysts
expected $389.48 million. 
    * RBC Bearings Inc's reported EPS for the quarter was
$1.52​.
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * RBC Bearings Inc shares had fallen by 1.4% this
quarter and
gained 2.4% so far this year.
    * The company reported quarterly net income of $44.28
million.
    * Wall Street's median 12-month price target for RBC
Bearings Inc
is $241.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.96           2.13           Beat
 Mar. 31 2023      1.99           2.13           Beat
 Dec. 31 2022      1.70           1.64           Missed
 Sep. 30 2022      1.80           1.93           Beat