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

RBC Bearings

19/05/2023 14:30

* RBC Bearings Inc  RBC.N  reported quarterly adjusted
earnings of
$2.13​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of $1.99 per share.
    * Revenue rose 9.9% to $394.42 million from a year ago;
analysts
expected $381.62 million. 
    * RBC Bearings Inc's reported EPS for the quarter was
$1.49​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * RBC Bearings Inc shares had fallen by 3.6% this
quarter and
gained 7.2% so far this year.
    * The company reported quarterly net income of $43.41
million.
    * Wall Street's median 12-month price target for RBC
Bearings Inc
is $250.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
19 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.99           2.13           Beat
 Dec. 31 2022      1.70           1.64           Missed
 Sep. 30 2022      1.80           1.93           Beat
 Jun. 30 2022      1.47           1.79           Beat