- RB Global Inc’s 1Q Adjusted EPS beats estimates at 90c, with an estimated 71c.
- Their EPS is reported at 53c.
- RB Global’s revenue is higher than estimated at $1.06 billion, with projections at $1.01 billion.
- The company reports service revenue of $849.1 million, surpassing the estimate of $781.3 million.
- Inventory sales revenue is also above the forecast at $215.6 million, with an estimated $205 million.
- Operating income for RB Global Inc. is recorded at $198.9 million.
- The Adjusted Ebitda is higher than expected at $331.0 million, with the estimate at $277.4 million.
- Rb Global Inc is performing well with investors, with 7 buying, none holding, and only 1 selling.
RB Global on Smartkarma
RB Global Inc (RBA.) has been the subject of detailed analyst coverage on Smartkarma, with Value Investors Club providing valuable insights in a recent report published on Sunday, Dec 3, 2023. The report highlights the challenges faced by Ritchie Brothers, including contentious acquisitions, activist involvement, dilutive financing, and the firing of key executives. Despite these obstacles, the company’s profitability has shown significant improvement.
The author of the report from Value Investors Club is bullish on RB Global, projecting a bright future for the company. They anticipate RB Global’s earnings power to continue growing, with the potential to reach $5 per share by 2025. This optimistic forecast indicates a favorable comparison to the current share price in the $60s, suggesting potential upside for investors. The research, sourced from publicly available information, provides valuable insights for investors looking to assess RB Global’s investment potential.
A look at RB Global Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
RB Global, Inc. provides a marketplace for insights, services, and transaction solutions for commercial assets and vehicles. The company offers end-to-end transaction solutions through various channels including auctions, online marketplaces, listing services, and private brokerage services. The Smartkarma Smart Scores provide valuable insight into RB Global’s long-term outlook. With a Momentum score of 4, the company is showing strong positive momentum, indicating potential growth opportunities in the future. However, its Resilience score of 2 suggests some vulnerability to market fluctuations. Balanced with Value, Dividend, and Growth scores of 3 each, RB Global is positioned with moderate overall performance and potential for steady development.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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