Regal Rexnord Q2 2024 Adj EPS $2.29 Beats $2.13 Estimate, Sales $1.55B Beat $1.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord (NYSE:RRX) reported Q2 2024 adjusted EPS of $2.29, beating the estimate of $2.13. Sales were $1.55 billion, surpassing the $1.53 billion estimate but down 12.49% from last year's $1.77 billion.
July 31, 2024 | 8:21 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Regal Rexnord (NYSE:RRX) reported Q2 2024 adjusted EPS of $2.29, beating the analyst estimate of $2.13. Sales were $1.55 billion, surpassing the $1.53 billion estimate but down 12.49% from last year's $1.77 billion.
The better-than-expected EPS and sales figures are positive indicators for the stock in the short term, despite the year-over-year decline in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100