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

Regal Rexnord

28/04/2022 07:24

* Regal Rexnord Corp  RRX.N  reported quarterly adjusted
earnings
of $2.68​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of $2.41 per share.
    * Revenue rose 59.5% to $1.30 billion from a year ago; 
analysts
expected $1.26 billion. 
    * Regal Rexnord Corp's reported EPS for the quarter was
$1.85​.
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Regal Rexnord Corp shares had fallen by 9.7% this
quarter and
lost 21.0% so far this year.
    * The company reported quarterly net income of $125.6
million.
    * Wall Street's median 12-month price target for Regal
Rexnord
Corp is $187.00 
    * 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 April 28 at 06:24 a.m.  ​All
figures in US dollars unless otherwise stated