Fubotv earnings beat by $0.10, revenue topped estimates
Regal Beloit Corporation (NYSE:RRX), a leading manufacturer of electric motors, electrical motion controls, power generation, and power transmission components, has seen its stock price touch a 52-week low, dipping to $130.61. According to InvestingPro data, the stock’s RSI suggests oversold territory, while analysts maintain a consensus "Strong Buy" recommendation with price targets ranging from $164 to $200. This latest price level reflects a significant downturn from the company’s performance over the past year, with RRX experiencing a 1-year change of -21.05%. Despite the decline, the company maintains a strong financial foundation with a "Fair" Financial Health score and has demonstrated remarkable consistency by maintaining dividend payments for 53 consecutive years. Investors are closely monitoring the stock as it navigates through a challenging market environment, which has impacted its valuation and investor sentiment. The company’s efforts to adapt to the evolving industrial landscape and potential strategic initiatives to rebound from this low are being watched with keen interest by the market. For deeper insights into RRX’s valuation and growth prospects, InvestingPro subscribers can access comprehensive analysis including 12 additional ProTips and detailed financial metrics.
In other recent news, Regal Rexnord (NYSE:ZWS) Corporation reported fourth-quarter earnings that did not meet analyst expectations, with both revenue and earnings per share (EPS) falling short of consensus estimates. The company posted an adjusted EPS of $2.34, missing the analyst estimate of $2.47, and reported revenue of $1.46 billion, below the projected $1.49 billion. Despite this, Regal Rexnord remains optimistic about its future, providing an upbeat outlook for fiscal year 2025 with a full-year EPS forecast ranging from $9.60 to $10.40, surpassing the analyst consensus of $9.25.
Additionally, Loop Capital revised the price target for Regal Rexnord shares to $200 from $220, while maintaining a Buy rating. This adjustment comes amid challenges such as customer delays and foreign exchange headwinds that have affected recent results and guidance. However, Loop Capital analysts express confidence in the company’s ability to achieve its 2025 guidance, citing factors like interest expense and synergy savings as key drivers for future EPS growth. The firm also notes potential improvements in product mix and longer-cycle orders. Regal Rexnord did not provide specific revenue guidance for the upcoming fiscal year.
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