Regal Rexnord Corp expected to post earnings of $2.24 a share - Earnings Preview

Regal Rexnord

05/02/2024 22:37

* Regal Rexnord Corp  RRX.N   RRX  is expected to show a
rise in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Milwaukee Wisconsin-based  company is expected to
report a
30.5% increase in revenue to $1.624 billion from $1.24 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.The company's guidance on November 2 2023, for the
period ended December 31, was for revenue between $1.62 billion
and $1.65 billion. (TOTAL REVENUE)
    * ​LSEG's mean analyst estimate for Regal Rexnord Corp is
for
earnings of $2.24 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 $172.50​, above​ its last closing price of $136.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  2.51        2.52       2.10      Missed  -16.6
 Jun. 30 2023  2.47        2.46       2.56      Beat    4.2
 Mar. 31 2023  2.09        2.09       2.22      Beat    6.1​
 Dec. 31 2022  2.38        2.39       2.64      Beat    10.4
 ​​Sep.        2.63        2.62       2.66      Beat    1.6
 30 2022                                                
 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. 31 2021  2.19        2.19       2.14      Missed  -2.4
 This summary was machine generated February 5 at 22:37 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)