Recap: Regal Rexnord Q4 Earnings
Portfolio Pulse from Benzinga Insights
Regal Rexnord (NYSE:RRX) reported Q4 earnings, beating estimates with an EPS of $2.28 against the expected $2.24 and seeing a revenue increase of $363 million year-over-year. This comes after a previous quarter where missing EPS forecasts led to a 15.76% share price drop.
February 07, 2024 | 9:20 pm
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Regal Rexnord reported a positive Q4 earnings surprise with an EPS of $2.28, surpassing estimates and showing a significant revenue increase from the previous year.
Regal Rexnord's positive earnings report, beating EPS estimates and showing a substantial revenue increase, is likely to instill investor confidence and potentially lead to a short-term stock price increase. This is especially significant considering the stock's previous negative reaction to an earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100