Regal Rexnord (RRX) Q3 Earnings Top Estimates

Core Viewpoint - Regal Rexnord reported quarterly earnings of $2.49 per share, exceeding the Zacks Consensus Estimate of $2.45 per share, and showing an increase from $2.10 per share a year ago, indicating a positive earnings surprise of 1.63% [1] Financial Performance - The company posted revenues of $1.48 billion for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 2.09% and a decrease from $1.65 billion year-over-year [2] - Over the last four quarters, Regal Rexnord has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Regal Rexnord shares have increased approximately 14.2% since the beginning of the year, while the S&P 500 has gained 20.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.74 on revenues of $1.53 billion, and for the current fiscal year, it is $9.48 on revenues of $6.13 billion [7] - The outlook for the Manufacturing - General Industrial industry, to which Regal Rexnord belongs, is currently in the top 41% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]