Regal Rexnord Q1 2024 Adj EPS $2.00 Beats $1.99 Estimate, Sales $1.547B Miss $1.560B Estimate
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord (NYSE:RRX) reported Q1 2024 adjusted EPS of $2.00, surpassing the $1.99 estimate, but its sales of $1.547B fell short of the $1.560B forecast. This represents a 26.39% increase in sales compared to the same period last year.
May 06, 2024 | 8:17 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Regal Rexnord reported a mixed Q1 2024 with an EPS beat and a slight sales miss, showing a significant year-over-year sales growth.
The EPS beat suggests operational efficiency and profitability, which could be positive for investor sentiment. However, the slight miss in sales forecasts might temper enthusiasm, leading to a neutral short-term impact on RRX's stock price. The significant year-over-year sales growth indicates strong demand for Regal Rexnord's products, supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100