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• RBC Bearings Inc RBC.N reported quarterly adjusted earnings of $2.47​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $2.13. The mean expectation of six analysts for the quarter was for earnings of $2.36 per share. Wall Street expected results to range from $2.24 to $2.42 per share.

• Revenue rose 4.9% to $413.68 million from a year ago; analysts expected $413.51 million.

• RBC Bearings Inc's reported EPS for the quarter was $1.91​.

• The company reported quarterly income of $61.67 million.

• RBC Bearings Inc shares had fallen by 1.0% this quarter and lost 6.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, one analyst revised an earnings estimate

RECOMMENDATIONS

• 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 average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for RBC Bearings Inc is $306.00

This summary was machine generated from LSEG data May 17 at 02:09 p.m. UTC. ​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)