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Compared to Estimates, Regal Rexnord (RRX) Q2 Earnings: A Look at Key Metrics
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Regal Rexnord (RRX - Free Report) reported $1.55 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 12.5%. EPS of $2.29 for the same period compares to $2.56 a year ago.
The reported revenue represents a surprise of +2.45% over the Zacks Consensus Estimate of $1.51 billion. With the consensus EPS estimate being $2.14, the EPS surprise was +7.01%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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)
: $39 million versus the two-analyst average estimate of $40 million.
Revenues- Industrial Powertrain Solutions (IPS)
: $675.50 million versus the two-analyst average estimate of $668.88 million.
Revenues- Power Efficiency Solutions (PES)
: $410.90 million versus the two-analyst average estimate of $395.35 million.
Revenues- Automation & Motion Control (AMC)
: $422.20 million compared to the $408.12 million average estimate based on two analysts.
Shares of Regal Rexnord have returned +18.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Regal Rexnord (RRX) Q2 Earnings: A Look at Key Metrics
Regal Rexnord (RRX - Free Report) reported $1.55 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 12.5%. EPS of $2.29 for the same period compares to $2.56 a year ago.
The reported revenue represents a surprise of +2.45% over the Zacks Consensus Estimate of $1.51 billion. With the consensus EPS estimate being $2.14, the EPS surprise was +7.01%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
View all Key Company Metrics for Regal Rexnord here>>>Revenues- Industrial Systems (IS)
: $39 million versus the two-analyst average estimate of $40 million.Revenues- Industrial Powertrain Solutions (IPS)
: $675.50 million versus the two-analyst average estimate of $668.88 million.Revenues- Power Efficiency Solutions (PES)
: $410.90 million versus the two-analyst average estimate of $395.35 million.Revenues- Automation & Motion Control (AMC)
: $422.20 million compared to the $408.12 million average estimate based on two analysts.Adjusted EBITDA- Industrial Powertrain Solutions (IPS)
: $174.40 million compared to the $168.18 million average estimate based on two analysts.Adjusted EBITDA- Industrial Systems (IS)
: $2.90 million versus $2.75 million estimated by two analysts on average.Adjusted EBITDA- Automation & Motion Control (AMC)
: $94.90 million versus the two-analyst average estimate of $94.06 million.Adjusted EBITDA- Power Efficiency Solutions (PES)
: $66 million compared to the $63.16 million average estimate based on two analysts.Shares of Regal Rexnord have returned +18.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.