Regal Rexnord Corp expected to post earnings of $2.39 a share - Earnings Preview

Regal Rexnord

30/01/2023 22:07

* Regal Rexnord Corp  RRX.N   RRX  is expected to show a
rise in
quarterly revenue when it reports  results on February 1. 
    * The Beloit Wisconsin-based  company is expected to report 
a
3.9% increase in revenue to $1.263 billion from $1.22 billion a
year ago, according to the mean estimate from 8 analysts, based
on Refinitiv data. The company's guidance on November 1 2022,
for the period ended December 31, was for revenue between $1.24
billion and $1.28 billion.
    * ​Refinitiv's mean analyst estimate for Regal Rexnord Corp
is for
earnings of $2.39 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $167​, above​ its last closing price of $136.18. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  2.19        2.19       2.14      Missed  -2.4
 ​​Sep.        2.35        2.35       2.36      Beat    0.4
 30 2021                                                
 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
 This summary was machine generated January 30 at 22:07 GMT.  All
figures in US dollars  unless otherwise stated