Regal Rexnord Corp expected to post earnings of $2.46 a share - Earnings Preview

Regal Rexnord

28/07/2023 22:22

* Regal Rexnord Corp  RRX.N   RRX  is expected to show a
rise in
quarterly revenue when it reports  results on July 31. 
    * The Beloit Wisconsin-based  company is expected to report 
a
30.4% increase in revenue to $1.76 billion from $1.35 billion a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Regal Rexnord Corp
is for
earnings of $2.46 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 $153.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.09        2.09       2.22      Beat    6.1
 Dec. 31 2023  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.        2.41        2.41       2.68      Beat    11.2
 31 2022                                                
 Dec. 31 2021  2.19        2.19       2.14      Missed  -2.4​
 Sep. 30 2021  2.35        2.35       2.36      Beat    0.4
 Jun. 30 2021  2.06        2.06       2.28      Beat    10.9
 This summary was machine generated July 28 at 21:22 GMT.  All
figures in US dollars  unless otherwise stated