- Regal Rexnord continues to maintain its adjusted EPS (Earnings Per Share) forecast, expecting it to fall between $9.60 and $10.40.
- Their FY (Fiscal Year) 2024 EPS is predicted to be between $3.97 and $4.77, with their adjusted EPS in the range of $9.60 to $10.40 to reflect the effects of the recently closed sale of the Industrial Systems business.
- Regal Rexnord faced some market challenges in the first quarter, particularly in the Power and Energy Solutions (PES) segment.
- Both the Industrial Power Solutions (IPS) and Air Moving and Conditioning (AMC) segments experienced an increase in order momentum throughout the quarter.
- Despite the difficulties faced in the previous quarter, the company remains cautiously optimistic about the latter half of the fiscal year. They anticipate that the market challenges facing the PES segment and the factory automation business within AMC will diminish.
- The company’s stock performance has been favorably viewed with eight buys, zero holds, and zero sells.
A look at Regal Rexnord Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
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
Regal Rexnord Corporation, a company specializing in electric motors and controls, is anticipated to have a promising long-term outlook as per Smartkarma Smart Scores. With a strong momentum score of 4, Regal Rexnord is showing favorable performance trends that could continue in the future. Although other key factors such as value, dividend, growth, and resilience are rated lower, the company’s solid momentum score suggests positive market sentiment and potential for growth.
Regal Rexnord Corporation designs, manufactures, and distributes a variety of products, including gearboxes, automotive transmissions, and electric generators. Catering to a global market of distributors, original equipment manufacturers, and end users, Regal Rexnord has established a strong presence in the industry. With a focus on electric motors and controls, the company’s diverse product line positions it well for continued success in the market.
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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