Looking Into RBC Bearings's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
RBC Bearings (NYSE:RBC) reported a 35.66% increase in earnings to $49.20 million and a 12.17% increase in sales to $394.42 million during Q4. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation. RBC Bearings' Q4 earnings per share of $2.13 beat analyst predictions of $1.99.
May 22, 2023 | 3:00 pm
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RBC Bearings reported strong Q4 earnings and sales growth, with a positive ROCE of 0.02%, indicating effective capital allocation. The company's Q4 EPS of $2.13 beat analyst predictions.
RBC Bearings reported a significant increase in earnings and sales during Q4, along with a positive ROCE, which suggests effective capital allocation. This is a positive indicator for the company's future performance and long-term returns. Additionally, the company's Q4 EPS beat analyst predictions, which could lead to increased investor confidence and a potential short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100