What to Expect from RBC Bearings
RBC Bearings (NAS: ROLL) is expected to report Q3 earnings on Feb. 7. 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 RBC Bearings's revenues will grow 5.6% and EPS will expand 9.3%.
The average estimate for revenue is $100.5 million. On the bottom line, the average EPS estimate is $0.59.
Revenue details
Last quarter, RBC Bearings booked revenue of $100.4 million. GAAP reported sales were 2.7% higher than the prior-year quarter's $97.8 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 $0.60. GAAP EPS of $0.73 for Q2 were 40% higher than the prior-year quarter's $0.52 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 37.4%, 260 basis points better than the prior-year quarter. Operating margin was 21.3%, 260 basis points better than the prior-year quarter. Net margin was 16.4%, 450 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $424.4 million. The average EPS estimate is $2.58.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 141 members out of 146 rating the stock outperform, and five members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give RBC Bearings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RBC Bearings is outperform, with an average price target of $51.57.
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The article What to Expect from RBC Bearings 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 owns shares of RBC Bearings. 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.
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