Ritchie Bros. Auctioneers (NYSE: RBA ) is expected to report Q3 earnings on Oct. 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Ritchie Bros. Auctioneers's revenues will increase 16.8% and EPS will expand 83.3%.
The average estimate for revenue is $93.1 million. On the bottom line, the average EPS estimate is $0.11.
Last quarter, Ritchie Bros. Auctioneers reported revenue of $127.2 million. GAAP reported sales were 11% higher than the prior-year quarter's $114.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.30. GAAP EPS of $0.29 for Q2 were 16% higher than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 87.8%, 110 basis points better than the prior-year quarter. Operating margin was 34.7%, 260 basis points better than the prior-year quarter. Net margin was 24.6%, 120 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $445.1 million. The average EPS estimate is $0.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 148 members out of 157 rating the stock outperform, and nine members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Ritchie Bros. Auctioneers a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ritchie Bros. Auctioneers is hold, with an average price target of $24.23.
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