RBC Bearings(RBC)

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RBC Bearings(RBC) - 2025 Q2 - Quarterly Report
2024-11-01 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, par value $0.01 per share RBC The New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission Fi ...
RBC Bearings (RBC) Q2 Earnings and Revenues Lag Estimates
ZACKS· 2024-11-01 14:16
Company Performance - RBC Bearings reported quarterly earnings of $2.29 per share, slightly missing the Zacks Consensus Estimate of $2.30 per share, but showing an increase from $2.17 per share a year ago, representing an earnings surprise of -0.43% [1] - The company posted revenues of $397.9 million for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 0.77%, and an increase from $385.57 million year-over-year [2] - Over the last four quarters, RBC Bearings has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance and Outlook - RBC Bearings shares have declined approximately 1.6% since the beginning of the year, contrasting with the S&P 500's gain of 19.6% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $2.16 for the coming quarter and $9.81 for the current fiscal year [4][7] - The current Zacks Rank for RBC Bearings is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Manufacturing - General Industrial industry, to which RBC Bearings belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact RBC Bearings' stock performance [5]
RBC Bearings(RBC) - 2025 Q2 - Quarterly Results
2024-11-01 13:26
Exhibit 99.1 RBC Bearings Incorporated Announces Fiscal Second Quarter 2025 Results Oxford, CT – November 1, 2024 – RBC Bearings Incorporated (NYSE: RBC), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today reported results for the second quarter of fiscal 2025. Second Quarter Financial Highlights ● Net sales of $397.9 million increased 3.2% over last year, Aerospace/Defense up 12.5% and In ...
RBC Bearings (RBC) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-10-25 15:06
The market expects RBC Bearings (RBC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 1, 2024, might help the stock move higher if these key number ...
Will RBC Bearings (RBC) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-15 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering RBC Bearings (RBC) , which belongs to the Zacks Manufacturing - General Industrial industry. When looking at the last two reports, this maker of bearings and components has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.82%, on average, in the last two quarters. For the last reported quarter, RBC Bearings came ...
Republican Victory Favored as Most Beneficial for U.S.
Gurufocus· 2024-10-02 15:10
A survey conducted by RBC Capital Markets analysts indicates that a sweeping victory by the Republican Party, led by Donald Trump, in the upcoming election is perceived to be the most advantageous outcome for the U.S. stock market. The energy and financial sectors are expected to benefit the most from such a result. According to RBC's U.S. analysts, Trump's triumph on November 5th, coupled with Republicans securing majorities in both the Senate and House of Representatives, represents the best scenario for ...
RBC iShares Expands Access to BlackRock's Award-Winning Investment Platform with Active ETFs
GlobeNewswire News Room· 2024-09-26 10:00
TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Today, RBC iShares expands access to BlackRock's award-winning investment platform with the launch of two active bond ETFs (collectively the iShares Funds).1 The iShares Funds provide clients with the best of BlackRock's fixed income investment insights in liquid, transparent and cost-effective ETFs. The iShares Flexible Monthly Income ETF (XFLI, XFLI.U) invests in the BlackRock Flexible Income ETF (BINC)2, managed by Rick Rieder, Chief Investment Officer of Globa ...
Reasons Why Investing in RBC Bearings Stock Seems Prudent Now
ZACKS· 2024-09-20 11:01
RBC Bearings Incorporated (RBC) is benefiting from strength across its Aerospace/Defense segment. Handsome rewards to shareholders add to the stock's appeal. Headquartered in Oxford, CT, RBC Bearings manufactures and distributes engineered bearings and precision components. The company sells its products through sales experts and uses product managers, marketing managers, customer service representatives and product application engineers in its selling efforts. Its products are sold to a wide variety of ori ...
RBC Bearings (RBC) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-09-18 17:01
RBC Bearings (RBC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a chan ...
RBC exceeds Q3 expectations, fueled by HSBC acquisition
Proactiveinvestors NA· 2024-08-28 14:01
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...