Q2 Earnings Outperformers: RBC Bearings (NYSE:RBC) And The Rest Of The Engineered Components and Systems Stocks [Yahoo! Finance]
RBC Bearings Incorporated (RBC)
Last rbc bearings incorporated earnings: 2/3 05:17 pm
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US:NYSE Investor Relations:
investors.regalbeloit.com/investors/overview/default.aspx
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Source: Yahoo! Finance
Engineered components and systems companies possess technical know-how in sometimes narrow areas such as metal forming or intelligent robotics. Lately, automation and connected equipment collecting analyzable data have been trending, creating new demand. On the other hand, like the broader industrials sector, engineered components and systems companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 13 engineered components and systems stocks we track reported a mixed Q2. As a group, revenues missed analysts' consensus estimates by 0.9% while next quarter's revenue guidance was 0.9% below. Stocks--especially those trading at higher multiples--had a strong end of 2023, but this year has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and while some engineered components and systems stocks have
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RBC
News
- KeyBanc changes rating, PT on industrials following a mixed Q3 [Yahoo! Finance]Yahoo! Finance
- RBC Bearings Incorporated (NYSE: RBC) was upgraded by analysts at KeyCorp from a "sector weight" rating to an "overweight" rating. They now have a $375.00 price target on the stock.MarketBeat
- RBC Bearings Incorporated (NYSE: RBC) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $335.00 price target on the stock, up previously from $330.00.MarketBeat
- RBC Bearings Incorporated (NYSE: RBC) had its price target raised by analysts at Truist Financial Co. from $315.00 to $347.00. They now have a "buy" rating on the stock.MarketBeat
- RBC Bearings Announces Participation in Upcoming Investor ConferencesBusiness Wire
RBC
Earnings
- 11/1/24 - Beat
RBC
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- RBC's page on the SEC website