Ritchie Bros Auctioneers: Q1 Earnings Insights

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Ritchie Bros Auctioneers RBA reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:01 PM.

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

Earnings

Ritchie Bros Auctioneers beat estimated earnings by 16.33%, reporting an EPS of $0.57 versus an estimate of $0.49.

Revenue was up $118.48 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 0.47% drop in the share price the next day.

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

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.60 0.50 0.78 0.28
EPS Actual 0.68 0.53 0.74 0.46
Revenue Estimate 416.23M 490.57M 555.30M 448.18M
Revenue Actual 443.86M 411.48M 484.55M 393.92M

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.

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