Regal Rexnord Corp expected to post earnings of $2.35 a share - Earnings Preview

Regal Rexnord

29/10/2021 21:50

* Regal Rexnord Corp  RRX.N   RRX  is expected to show a rise in
quarterly revenue when it reports results on November 1. 
* The Beloit, Wisconsin-based company is expected to report  a
17.1% increase in revenue to $887.514 million from $758.2
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Regal Rexnord Corp is
for earnings of $2.35 per share. For the same quarter last year,
the company reported earnings of $1.73 per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 7 "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 $185​, about 17.7% above​ its last closing price
of $152.29. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  2.06        2.06       2.28      Beat    10.9
 Mar. 31 2021  1.74        1.71       1.98      Beat    15.7
 Dec. 31 2020  1.59        1.59       1.78      Beat    11.7​
 Sep. 30 2020  1.24        1.21       1.73      Beat    43.1
 Jun.          0.67​       0.67       0.95      Beat    42.5​
 30​ 2020​                                              
 Mar. 31 2020  1.12        1.09       1.31      Beat    20.2​
 Dec. 31 2019  1.22        1.23       1.25      Beat    2
 Sep. 30 2019  1.33        1.32       1.35      Beat    2
 This summary was machine generated October 29 at 20:50 GMT.  All
figures in US dollars unless otherwise stated