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

Regal Rexnord

05/05/2023 02:14

* Regal Rexnord Corp  RRX.N  reported quarterly adjusted
earnings
of $2.22​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of $2.09 per share.
    * Revenue fell 5.7% to $1.22 billion from a year ago;
analysts
expected $1.22 billion. 
    * Regal Rexnord Corp's reported EPS for the quarter was a
loss
of 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Regal Rexnord Corp shares had fallen by 6.4% this
quarter and
gained 9.8% so far this year.
    * The company reported a quarterly loss of $5.9 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 May
5 at 01:14 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.09           2.22           Beat
 Dec. 31 2022      2.39           2.64           Beat
 Sep. 30 2022      2.62           2.66           Beat
 Jun. 30 2022      2.61           2.76           Beat