Ritchie Bros. Auctioneers Earnings Are on Deck

Seth Jayson, The Motley Fool
Updated

Ritchie Bros. Auctioneers (NYS: RBA) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Ritchie Bros. Auctioneers's revenues will increase 16.8% and EPS will expand 83.3%.

The average estimate for revenue is $93.1 million. On the bottom line, the average EPS estimate is $0.11.


Revenue details
 Last quarter, Ritchie Bros. Auctioneers reported revenue of $127.2 million. GAAP reported sales were 11% higher than the prior-year quarter's $114.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.30. GAAP EPS of $0.29 for Q2 were 16% higher than the prior-year quarter's $0.25 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 87.8%, 110 basis points better than the prior-year quarter. Operating margin was 34.7%, 260 basis points better than the prior-year quarter. Net margin was 24.6%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $445.1 million. The average EPS estimate is $0.85.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 148 members out of 157 rating the stock outperform, and nine members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Ritchie Bros. Auctioneers a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ritchie Bros. Auctioneers is hold, with an average price target of $24.23.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Ritchie Bros. Auctioneers. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.

The article Ritchie Bros. Auctioneers Earnings Are on Deck originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Ritchie Bros. Auctioneers (USA). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement