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

RBC Bearings

26/05/2022 15:23

* RBC Bearings Inc  ROLL.OQ  reported quarterly adjusted
earnings
of $1.26​​ per share for the quarter ended in March. The mean
expectation of nine analysts for the quarter was for earnings of
$1.14 per share.
    * Revenue rose 123.9% to $358.88 million from a year ago; 
analysts expected $349.79 million. 
    * RBC Bearings Inc's reported EPS for the quarter was 92
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * RBC Bearings Inc shares had fallen by 18.0% this
quarter and
lost 21.3% so far this year.
    * The company reported quarterly net income of $26.45
million.
    * Wall Street's median 12-month price target for RBC
Bearings Inc
is $235.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 26 at 02:23 p.m.  ​All
figures in US dollars unless otherwise stated