RBC Bearings Sees Q2 FY25 Revenue ~$395.0M-$405.0M Vs $410.22M Est.
Portfolio Pulse from Benzinga Newsdesk
RBC Bearings has provided its Q2 FY25 revenue guidance, estimating it to be between $395.0 million and $405.0 million, which is below the analyst consensus estimate of $410.22 million.
August 02, 2024 | 12:05 pm
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RBC Bearings has issued Q2 FY25 revenue guidance of $395.0M-$405.0M, which is below the analyst consensus estimate of $410.22M. This could lead to a negative short-term impact on the stock price as the market reacts to the lower-than-expected revenue forecast.
The revenue guidance provided by RBC Bearings is below the analyst consensus estimate, which typically leads to a negative market reaction as investors adjust their expectations. The shortfall in expected revenue could signal potential challenges or slower growth, prompting a sell-off or downward pressure on the stock price.
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