Regal Rexnord Corp expected to post earnings of $2.09 a share - Earnings Preview

Regal Rexnord

03/05/2023 03:07

* Regal Rexnord Corp  RRX.N   RRX  is expected to show a
fall in
quarterly revenue when it reports  results on May 4. 
    * The Beloit Wisconsin-based  company is expected to report 
a
6.2% decrease in revenue to $1.218 billion from $1.3 billion a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Regal Rexnord Corp
is for
earnings of $2.09 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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 Regal
Rexnord
Corp is $184.5​, above​ its last closing price of $129.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  2.38        2.39       2.64      Beat    10.4
 Sep. 30 2022  2.63        2.62       2.66      Beat    1.6
 Jun. 30 2022  2.60        2.61       2.76      Beat    5.6​
 Mar. 31 2022  2.41        2.41       2.68      Beat    11.2
 ​​Dec.        2.19        2.19       2.14      Missed  -2.4
 31 2021                                                
 Sep. 30 2021  2.35        2.35       2.36      Beat    0.4​
 Jun. 30 2021  2.06        2.06       2.28      Beat    10.9
 Mar. 31 2021  1.74        1.71       1.98      Beat    15.7
 This summary was machine generated May 3 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated