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

Regal Rexnord

01/02/2023 23:14

* Regal Rexnord Corp  RRX.N  reported quarterly adjusted
earnings
of $2.64​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of $2.39 per share.
    * Revenue rose 2.3% to $1.24 billion from a year ago;
analysts
expected $1.26 billion. 
    * Regal Rexnord Corp's reported EPS for the quarter was
$1.53​.
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Regal Rexnord Corp shares had risen by 16.0% this quarter.
    * The company reported quarterly net income of $101.5
million.
    * Wall Street's median 12-month price target for Regal
Rexnord
Corp is $167.00 
    * 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." 

This summary was machine generated from Refinitiv data February
1 at 11:13 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.39           2.64           Beat
 Sep. 30 2022      2.62           2.66           Beat
 Jun. 30 2022      2.61           2.76           Beat
 Mar. 31 2022      2.41           2.68           Beat