RBC Bearings Q4 2024 Adj EPS $2.47 Beats $2.36 Estimate, Sales $413.680M Beat $413.508M Estimate
Portfolio Pulse from Benzinga Newsdesk
RBC Bearings (NYSE:RBC) reported Q4 2024 adjusted EPS of $2.47, beating the estimate of $2.36. Sales were $413.680 million, slightly above the $413.508 million estimate, and up 4.88% from the same period last year.
May 17, 2024 | 12:07 pm
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RBC Bearings reported better-than-expected Q4 2024 earnings and sales, with EPS of $2.47 beating the $2.36 estimate and sales of $413.680 million slightly above the $413.508 million estimate. Sales increased by 4.88% year-over-year.
The company's better-than-expected earnings and sales figures are likely to positively impact the stock price in the short term. The EPS beat by 4.66% and the slight sales beat, along with a 4.88% year-over-year sales increase, indicate strong performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100