RBC Bearings Incorporated (NASDAQ:ROLL) is set to announce second quarter earning results on Friday 30th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ROLL to report 2Q21 income of $ 0.87 per share from revenue of $ 150.54 million.
For the full year, analysts anticipate top line of $ 621.79 million, while looking forward to income of $ 3.77 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 148.00 million ~ $ 152.00 million
Click Here For More Historical Outlooks Of RBC Bearings Incorporated
Previous Quarter Performance
RBC Bearings Incorporated communicated income for the first quarter of $ 0.95 per share, from the revenue of $ 156.49 million. The consensus estimates are income of $ 0.87 per share from $ 153.60 million in revenue. The bottom line results beat street analysts by $ 0.08 or 9.20 percent, at the same time, top line results outshined analysts by $ 2.89 million or 1.88 percent.
Stock Performance
Shares of RBC Bearings Incorporated traded up $ 3.04 or 2.63 percent on Thursday, reaching $ 118.71 with volume of 147.50 thousand shares. RBC Bearings Incorporated has traded high as $ 119.03 and has cracked $ 114.49 on the downward trend
According to the previous trading day, closing price of $ 118.71, representing a 49.00 % increase from the 52 week low of $ 77.63 and a 37.5 % decrease over the 52 week high of $ 185.06.
The company has a market capital of $ 2.98 billion and is part of the Industrials sector and Tools & Accessories industry.
Conference Call
RBC Bearings Incorporated will be hosting a conference call at 11:00 AM eastern time on 30th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rbcbearings.com
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: cPlain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
