Recap: Ritchie Bros Auctioneers Q3 Earnings

Ritchie Bros Auctioneers RBA reported its Q3 earnings results on Monday, November 7, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Ritchie Bros Auctioneers beat estimated earnings by 6.0%, reporting an EPS of $0.53 versus an estimate of $0.5.

Revenue was up $81.80 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.04 which was followed by a 6.9% drop in the share price the next day.

Here's a look at Ritchie Bros Auctioneers's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.78 0.28 0.71 0.41
EPS Actual 0.74 0.46 0.50 0.44
Revenue Estimate 555.30M 448.18M 499.29M 401.27M
Revenue Actual 484.55M 393.92M 359.37M 329.68M

To track all earnings releases for Ritchie Bros Auctioneers visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings