RB Global Inc reports results for the quarter ended March 31 - Earnings Summary

• RB Global Inc RBA.TO reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of seven analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 77 cents to 86 cents per share.

• Revenue rose 4.1% to $1.11 billion from a year ago; analysts expected $1.04 billion.

• RB Global Inc's reported EPS for the quarter was 55 cents​.

• The company reported quarterly net income of $102.9 million.

• RB Global Inc shares had risen by 1.6% this quarter and gained 12.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for RB Global Inc is $116.00

This summary was machine generated from LSEG data May 7 at 10:20 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)