
Core Viewpoint - The market anticipates RBC Bearings (RBC) will report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2024, with a consensus EPS estimate of $2.37, reflecting an 11.3% increase from the previous year [1][3]. Earnings Expectations - Revenues are projected to reach $417.06 million, representing a 7.7% increase compared to the same quarter last year [4]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [5]. Earnings Surprise Potential - The Most Accurate Estimate for RBC Bearings is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.42%, suggesting a bullish outlook from analysts [11]. - The stock currently holds a Zacks Rank of 3, indicating a hold position [12]. Historical Performance - In the last reported quarter, RBC Bearings exceeded the expected EPS of $2.32 by delivering $2.47, resulting in a surprise of +6.47% [14]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [15]. Industry Comparison - Middleby (MIDD), another player in the Zacks Manufacturing - General Industrial industry, is expected to report a decline in EPS of -8.1% year-over-year, with revenues down 4.9% [19]. - Middleby has a current Earnings ESP of 0.44%, indicating a potential to beat the consensus EPS estimate, similar to RBC Bearings [20][22].