Morgan Stanley also highlighted that the organic growth pipeline remains strong for FY26. The brokerage views RBC Bearings as "a high-quality industrials compounder with attractive growth and margin expansion potential.”
Industrials products and automation company Regal Rexnord (NYSERRX).
will be announcing earnings results tomorrow afternoon. Here’s what you need to know.
The top 10 best performing large-cap stocks in the last week were Atlassian, Royal Caribbean, IBM, GitLab, Check Point, RBC Bearings, Alibaba, Duolingo, Franklin Resources, and Cloudflare.
Shares of bearings manufacturer RBC Bearings (NYSERBC) jumped 10.6% in the afternoon session after the company reported strong fourth-quarter results, which revealed improved sales trends, with management anticipating incremental volume recovery in the aerospace segment and a return to growth in the industrial business. It was also encouraging to see RBC Bearings beat analysts' EBITDA and EPS estimates. Overall, this quarter had some key positives.
The company reported a 5.5% year-over-year (YoY) rise in its net sales to $394.4 million compared to a Wall Street estimate of $394 million, according to FinChat. Adjusted earnings per share (EPS) came in at $2.34 versus an analyst estimate of $2.2.
Bearings manufacturer RBC Bearings (NYSERBC) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 5.5% year on year to $394.4 million. The company expects next quarter’s revenue to be around $439 million, coming in 0.7% above analysts’ estimates. Its non-GAAP profit of $2.34 per share was 6.3% above analysts’ consensus estimates.
RBC Bearings trades at $323.69 and has moved in lockstep with the market. Its shares have returned 10.7% over the last six months while the S&P 500 has gained 9.1%.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at engineered components and systems stocks, starting with Regal Rexnord (NYSERRX).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at RBC Bearings (NYSERBC) and its peers.
Bearings manufacturer RBC Bearings (NYSERBC) fell short of the market’s revenue expectations in Q3 CY2024 as sales rose 3.2% year on year to $397.9 million. On the other hand, the company expects next quarter’s revenue to be around $395 million, close to analysts’ estimates. Its non-GAAP profit of $2.29 per share was in line with analysts’ consensus estimates.
