For the quarter ended December 2023, Regal Rexnord (RRX - Free Report) reported revenue of $1.61 billion, up 29.2% over the same period last year. EPS came in at $2.28, compared to $2.64 in the year-ago quarter.
The reported revenue represents a surprise of -0.99% over the Zacks Consensus Estimate of $1.62 billion. With the consensus EPS estimate being $2.26, the EPS surprise was +0.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Regal Rexnord performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Industrial Systems (IS): $119.80 million versus $121.35 million estimated by two analysts on average.
- Revenues- Industrial Powertrain Solutions (IPS): $649.70 million versus the two-analyst average estimate of $630.30 million.
- Revenues- Power Efficiency Solutions (PES): $418 million versus the two-analyst average estimate of $455.55 million.
- Revenues- Automation & Motion Control (AMC): $420.70 million versus $421.20 million estimated by two analysts on average.
View all Key Company Metrics for Regal Rexnord here>>>Shares of Regal Rexnord have returned -2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
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It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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For the quarter ended December 2023, Regal Rexnord (RRX - Free Report) reported revenue of $1.61 billion, up 29.2% over the same period last year. EPS came in at $2.28, compared to $2.64 in the year-ago quarter.
The reported revenue represents a surprise of -0.99% over the Zacks Consensus Estimate of $1.62 billion. With the consensus EPS estimate being $2.26, the EPS surprise was +0.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Regal Rexnord performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Industrial Systems (IS): $119.80 million versus $121.35 million estimated by two analysts on average.
- Revenues- Industrial Powertrain Solutions (IPS): $649.70 million versus the two-analyst average estimate of $630.30 million.
- Revenues- Power Efficiency Solutions (PES): $418 million versus the two-analyst average estimate of $455.55 million.
- Revenues- Automation & Motion Control (AMC): $420.70 million versus $421.20 million estimated by two analysts on average.
View all Key Company Metrics for Regal Rexnord here>>>Shares of Regal Rexnord have returned -2% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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