Regal Rexnord Corp reports results for the quarter ended in December - Earnings Summary

Regal Rexnord

03/02/2022 24:20

* Regal Rexnord Corp  RRX.N  reported quarterly adjusted
earnings
of $2.14​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of $2.19 per share.
    * Revenue rose 55.9% to $1.22 billion from a year ago; 
analysts
expected $1.20 billion. 
    * Regal Rexnord Corp's reported EPS for the quarter was a
loss
of 7 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Regal Rexnord Corp shares had fallen by 3.9% this quarter.
    * The company reported a quarterly loss of $4.8 million.
    * Wall Street's median 12-month price target for Regal
Rexnord
Corp is $200.00 
    * 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." 

This summary was machine generated February 3 at 12:20 a.m.
 ​All figures in US dollars unless otherwise stated