RBC Bearings Q3 2024 Adj EPS $1.85 Misses $1.96 Estimate, Sales $373.90M Miss $376.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
RBC Bearings reported Q3 2024 adjusted EPS of $1.85, missing the $1.96 estimate, and sales of $373.90M, below the $376.80M estimate. This represents a 6.33% increase in sales compared to the same period last year.
February 08, 2024 | 1:02 pm
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NEGATIVE IMPACT
RBC Bearings missed Q3 2024 earnings and sales estimates, with adjusted EPS of $1.85 and sales of $373.90M.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported increase in sales year-over-year may mitigate some negative impact, but the miss on both key financial metrics is likely to dominate investor reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100