Regal Rexnord Corp expected to post earnings of $2.19 a share - Earnings Preview

Regal Rexnord

31/01/2022 21:19

* Regal Rexnord Corp  RRX.N   RRX  is expected to show a
rise in
quarterly revenue when it reports  results on February 2. 
    * The Beloit Wisconsin-based  company is expected to report 
a
54.1% increase in revenue to $1.203 billion from $780.5 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Regal Rexnord Corp
is for
earnings of $2.19 per share. For the same quarter last year, the
company reported earnings of $1.78 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"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 $200​, about 22.4% above​ its last closing price
of $155.29. ​​​
    * 

This summary was machine generated January 31 at 21:19 GMT.  All
figures in US dollars  unless otherwise stated