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RBC Bearings (NASDAQ:ROLL) announces its next round of earnings this Friday, May 21. Here is Benzinga's look at RBC Bearings's Q4 earnings report.
What Are Earnings, Net Income, And Earnings Per Share?
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Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
RBC Bearings earnings will be near $1.05 per share on sales of $158.83 million, according to analysts. In the same quarter last year, RBC Bearings reported earnings per share of $1.33 on sales of $185.84 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 21.05% decline in the company's EPS figure. Sales would be down 14.54% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2021 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.85 | 0.87 | 0.87 | 1.33 |
| EPS Actual | 0.90 | 0.93 | 0.95 | 1.33 |
| Revenue Estimate | 141.79 M | 150.54 M | 153.60 M | 183.29 M |
| Revenue Actual | 145.86 M | 146.34 M | 156.49 M | 185.84 M |
Stock Performance
Shares of RBC Bearings were trading at $189.61 as of May 19. Over the last 52-week period, shares are up 47.33%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. RBC Bearings is scheduled to hold the call at 11:00:00 ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.