Regal Rexnord Corp expected to post earnings of $2.61 a share - Earnings Preview

Regal Rexnord

29/07/2022 21:08

* Regal Rexnord Corp  RRX.N   RRX  is expected to show a
rise in
quarterly revenue when it reports  results on August 1. 
    * The Beloit Wisconsin-based  company is expected to report 
a
48.7% increase in revenue to $1.319 billion from $886.9 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 $2.61 per share. For the same quarter last year, the
company reported earnings of $2.28 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 $154​, above​ its last closing price of $131.84. ​​​
    * 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 2022  2.41        2.41       2.68      Beat    11.2
 Dec. 31 2022  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
 ​​Mar.        1.74        1.71       1.98      Beat    15.7
 31 2021                                                
 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. 30 2020  0.67        0.67       0.95      Beat    42.5
 This summary was machine generated July 29 at 20:08 GMT.  All
figures in US dollars  unless otherwise stated