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

Regal Rexnord

31/07/2023 23:10

* Regal Rexnord Corp  RRX.N  reported quarterly adjusted
earnings
of $2.56​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of $2.46 per share.
    * Revenue rose 31.1% to $1.77 billion from a year ago;
analysts
expected $1.76 billion. 
    * Regal Rexnord Corp's reported EPS for the quarter was 48
cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Regal Rexnord Corp shares had fallen by 0.1% this
quarter and
gained 28.1% so far this year.
    * The company reported quarterly net income of $32.1
million.
    * Wall Street's median 12-month price target for Regal
Rexnord
Corp is $184.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
31 at 10:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.46           2.56           Beat
 Mar. 31 2023      2.09           2.22           Beat
 Dec. 31 2022      2.39           2.64           Beat
 Sep. 30 2022      2.62           2.66           Beat