RBC Bearings Inc RBC.N, RBC is expected to show a rise in quarterly revenue when it reports results on May 17 for the period ending January 1 0001
The Oxford Connecticut-based company is expected to report a 4.8% increase in revenue to $413.508 million from $394.42 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on February 8 2024, for the period ended March 31, was for revenue between $405.00 million and $415.00 million. (TOTAL REVENUE)
LSEG's mean analyst estimate for RBC Bearings Inc is for earnings of $2.36 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for RBC Bearings Inc is $306.00, above its last closing price of $272.70.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING |
STARMINESMARTESTIMATE® |
LSEG IBES ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
SURPRISE % |
Dec. 31 2023 |
1.98 |
1.96 |
1.85 |
Missed |
-5.6 |
Sep. 30 2023 |
2.05 |
2.05 |
2.17 |
Beat |
6 |
Jun. 30 2023 |
1.97 |
1.96 |
2.13 |
Beat |
8.5 |
Mar. 31 2023 |
1.99 |
1.99 |
2.13 |
Beat |
7.2 |
Dec. 31 2022 |
1.70 |
1.70 |
1.64 |
Missed |
-3.4 |
Jan. 1 0001 |
1.79 |
1.80 |
1.93 |
Beat |
7.4 |
Jan. 1 0001 |
1.44 |
1.47 |
1.79 |
Beat |
21.5 |
Mar. 31 2022 |
1.11 |
1.14 |
1.26 |
Beat |
10.5 |
This summary was machine generated May 15 at 12:36 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)