RBC Bearings Earnings: Here’s Why the Stock is Up Now

RBC Bearings Inc. (NASDAQ:ROLL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.36%.

RBC Bearings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.45% to $0.66 in the quarter versus EPS of $0.62 in the year-earlier quarter.

Revenue: Decreased 0.61% to $102.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: RBC Bearings Inc. reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.65. It missed the average revenue estimate of $104.89 million.

Quoting Management: “The first quarter of fiscal 2014 demonstrated a strong shift in demand to our aircraft products,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer. “We are pleased with the volumes achieved, the outlook of our current markets, and our record improvement in operating margins.”

Key Stats (on next page)…

Revenue decreased 0.3% from $103.01 million in the previous quarter. EPS decreased 4.35% from $0.69 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.66 to a profit $0.67. For the current year, the average estimate has moved down from a profit of $2.80 to a profit of $2.76 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)