Back to top

Image: Bigstock

RBC Bearings Inc.

Read MoreHide Full Article

Over the past three months, RBC Bearings’ shares have outperformed the industry. The company expects that sturdier demand secured from industrial and aerospace end-markets will continue to drive its top line in the quarters ahead. Also, we believe, increased manufacturing outlay in the United States will boost near-term revenues of the company. However, the stock looks overvalued compared to the industry in the past three months. Closure of its Canadian manufacturing facility continues to dent RBC Bearings’ revenues. Moreover, expenses associated with capacity expansion moves, product development costs and material price inflation are expected to weigh over profitability in the quarters ahead. Over the past 30 days, Zacks Consensus Estimate for the stock has remained unchanged for fiscal 2019.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

RBC Bearings Incorporated (ROLL) - free report >>

Published in