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2026-08-11 00:13 1mo ago
2026-08-10 18:37 1mo ago
RBC a BMO prodají Moneris za 2 miliardy C$
RBC RBC Bearings
FMP Stock News 78
Original source text
A sign for the Royal Bank of Canada in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Purchase Licensing Rights, opens new tab

CompaniesAug 10 (Reuters) - The Royal Bank of Canada (RY.TO), opens new tab and BMO Financial Group on Monday agreed to sell jointly owned Moneris ​Solutions to technology investment firm Francisco Partners in a ‌deal valued at C$2 billion ($1.44 billion).

Here are some details:

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Moneris, founded 25 years ago, is one of Canada's largest commerce solutions providers, helping businesses ​accept and manage payments.

BMO and RBC will each receive ​a 50% share from the sale.

RBC said it ⁠expects to record an after-tax gain of about C$475 million ​from the sale, which is expected in the first quarter ​of fiscal 2027.

Many banks have shed their payments businesses as the accelerated pace of digitization in the North American payments industry in recent years pushed ​them to regularly spend capital to remain competitive.

"The deep ​relationships we have built with BMO and RBC extend well beyond ownership. ‌Their ⁠decision to establish long-term referral agreements and maintain ongoing commercial relationships with Moneris reflects the confidence both organizations have," said Moneris CEO James Hicks.

Moneris said that with access to Francisco Partners' ​global platform ​it will accelerate ⁠modernization and growth across small, medium and enterprise businesses in the Canadian marketplace.

U.S.-listed shares of ​RBC were little changed in extended trading. The bank's ​Toronto-listed ⁠stock has risen nearly 26% so far this year, giving it a market cap of roughly C$408 billion.

Meanwhile, BMO's (BMO.TO), opens new tab stock has ⁠surged ​42% with the bank's market value ​now at nearly C$177.6 billion, according to LSEG data.

($1 = 1.3937 Canadian dollars)

Reporting by ​Manya Saini in Bengaluru; Editing by Shilpi Majumdar and Diti Pujara

Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-08-03 16:34 1mo ago
2026-08-03 12:15 1mo ago
RBC Bearings zvýšila EPS díky růstu Aerospace & Defense
RBC RBC Bearings
FMP Stock News 88
Original source text
Key Takeaways RBC Bearings' adjusted EPS rose 36.6% to $3.88 as revenues climbed 19.2% to $519.5 million.Aerospace & Defense sales surged 36.9% to $225.4 million, driving the double-digit revenue gain.Backlog held at $2.3 billion, while RBC forecast second-quarter sales of $505-$515 million. RBC Bearings Incorporated (RBC - Free Report) reported adjusted earnings of $3.88 per share for the first quarter of fiscal 2027 (ended June 27, 2026), up 36.6% year over year. The figure surpassed the Zacks Consensus Estimate of $3.42 by 13.5%.

Revenues increased 19.2% year over year to $519.5 million and beat the consensus estimate of $509 million by 2.2%. Strong Aerospace & Defense sales, improved margins and the VACCO acquisition supported the results.

Revenue Growth Gains MomentumRBC Bearings generated $34.4 million in quarterly revenues from VACCO, which it acquired in July 2025. Excluding this contribution, the company still benefited from broad expansion across most of its end markets.

Sales originating in the United States totaled $467 million, while international revenues were $52.5 million. Point-in-time revenues represented 95% of the total, with the remaining 5% recognized over time.

RBC Bearings' Segment Sales RiseIndustrial segment revenues increased 8.4% year over year to $294.1 million. The business accounted for 56.6% of total quarterly sales, maintaining its position as the company’s largest revenue contributor.

Aerospace & Defense revenues surged 36.9% to $225.4 million and represented 43.4% of sales. The segment’s sharp growth was the primary operating driver behind the company’s double-digit top-line increase.

RBC Expands Margins on Higher SalesGross profit rose 26.9% year over year to $247.8 million. Gross margin expanded 290 basis points to 47.7%, reflecting stronger operating performance and a favorable revenue mix.

Adjusted operating income increased 34.1% to $141.2 million. The adjusted operating margin improved to 27.2% from 24.2% in the prior-year quarter, showing that revenue growth translated into stronger operating leverage.

RBC Bearings' Costs and Profitability ImproveSelling, general and administrative expenses increased 8% to $85.8 million. However, SG&A expenses declined as a percentage of revenues to 16.5% from 16.9%, indicating improved cost absorption.

Adjusted EBITDA advanced 28.1% year over year to $181.2 million. The adjusted EBITDA margin expanded 240 basis points to 34.9%. Net interest expense decreased to $10.1 million from $12.2 million, primarily due to continued debt reduction.

RBC Strengthens Cash Flow and LiquidityNet cash provided by operating activities increased 43.2% year over year to $171.8 million. Capital expenditures totaled $24.9 million compared with $15.7 million in the prior-year period.

Cash rose to $124.5 million at the end of the quarter from $57.3 million at the end of fiscal 2026. RBC repaid $77 million of term loans during the period, while total debt stood at $806.2 million, including current and long-term obligations.

RBC Bearings' Backlog Supports VisibilityBacklog was $2.3 billion at the end of the quarter, unchanged sequentially but sharply above $1 billion a year earlier. The elevated order level provides meaningful revenue visibility, particularly within the Aerospace & Defense business.

For contracts lasting more than a year, remaining performance obligations totaled approximately $1.29 billion. The company expects to recognize about 42% of that amount over the next 12 months, with the balance recognized thereafter.

RBC Issues Upbeat Second-Quarter OutlookManagement expects second-quarter fiscal 2027 net sales of $505-$515 million. The projection implies growth of 10.9-13.1% from the prior-year quarter’s revenues of $455.3 million.

Gross margin is projected between 45.50% and 45.75%. SG&A expenses are expected to represent 16.50-16.75% of sales. Management expressed confidence in the company’s outlook, citing expanding end markets, record margins, strong cash flow and a robust backlog.

Zacks Rank and Other Stocks to ConsiderThe company currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks from the same space are discussed below:

Applied Industrial Technologies (AIT - Free Report) carries a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Applied Industrial’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 4.0%.  In the past 60 days, the Zacks Consensus Estimate for Applied Industrial’s fiscal 2026 bottom line has inched up 0.1%.

IDEX Corporation (IEX - Free Report) presently carries a Zacks Rank of 2. IDEX’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 7.7%. In the past 60 days, the Zacks Consensus Estimate for IEX’s 2026 earnings has increased 1.4%.

The Middleby Corporation (MIDD - Free Report) currently carries a Zacks Rank of 2. Middleby’s earnings topped the consensus estimate in each of the trailing four quarters. The average earnings surprise was 10.4%. In the past 60 days, the Zacks Consensus Estimate for MIDD’s 2026 earnings has increased 0.3%.
2026-07-31 17:48 1mo ago
2026-07-31 13:33 1mo ago
RBC Bearings hlásí silný start fiskálního roku 2027
RBC RBC Bearings
FMP Stock News 78
Original source text
RBC Bearings Incorporated (RBC) Q1 2027 Earnings Call July 31, 2026 11:00 AM EDT

Company Participants

Mike Hartnett - Chairman, President & CEO
Robert Sullivan - VP & CFO

Conference Call Participants

Joshua Carroll
Kristine Liwag - Morgan Stanley, Research Division
Steve Barger - KeyBanc Capital Markets Inc., Research Division
Scott Deuschle - Deutsche Bank AG, Research Division
Peter Skibitski - Alembic Global Advisors
Ronald Epstein - BofA Securities, Research Division
Alexandra Eleni Mandery - Truist Securities, Inc., Research Division

Presentation

Joshua Carroll

Good morning, and thank you for joining us for RBC Bearings Fiscal First Quarter 2027 Earnings Call. I'm Josh Carroll with the Investor Relations team. With me on today's call are Dr. Hartnett, Chairman, President and Chief Executive Officer; Daniel Bergeron, Director, Vice President and Chief Operating Officer; and Rob Sullivan, Vice President and Chief Financial Officer.

As a reminder, some of the statements made today may be forward-looking and under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected or implied due to a variety of factors. We refer you to RBC Bearings' recent filings with the SEC for a more detailed discussion of the risks that could impact the company's future operating results and financial condition. These factors are also listed in the press release, along with a reconciliation between GAAP and non-GAAP financial information.

With all that said, I'll now turn the call over to Dr. Hartnett.

Mike Hartnett
Chairman, President & CEO

Thank you, Josh. Good morning, and thank you for joining us. I'll begin today's call with a brief review of our first quarter results and discuss the trends we are seeing across the end markets before turning the call over to Rob, who will provide additional details on our financial performance.

We delivered a strong start to fiscal 2027
2026-07-31 15:24 1mo ago
2026-07-31 10:16 1mo ago
RBC Bearings překonala odhady EPS i tržeb
RBC RBC Bearings
FMP Stock News 78
Original source text
RBC Bearings (RBC - Free Report) came out with quarterly earnings of $3.88 per share, beating the Zacks Consensus Estimate of $3.42 per share. This compares to earnings of $2.84 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.45%. A quarter ago, it was expected that this maker of bearings and components would post earnings of $3.31 per share when it actually produced earnings of $3.62, delivering a surprise of +9.37%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

RBC Bearings, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $519.5 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.14%. This compares to year-ago revenues of $436 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

RBC Bearings shares have added about 25.3% since the beginning of the year versus the S&P 500's gain of 8.7%.

What's Next for RBC Bearings?While RBC Bearings has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for RBC Bearings was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.60 on $515.36 million in revenues for the coming quarter and $14.50 on $2.14 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Nordson (NDSN - Free Report) , has yet to report results for the quarter ended July 2026.

This maker of adhesives and industrial coatings is expected to post quarterly earnings of $3.09 per share in its upcoming report, which represents a year-over-year change of +13.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Nordson's revenues are expected to be $779 million, up 5.1% from the year-ago quarter.
2026-07-24 15:16 1mo ago
2026-07-24 11:01 1mo ago
RBC Bearings čeká růst zisku na akcii i tržeb
RBC RBC Bearings
FMP Stock News 72
Original source text
RBC Bearings (RBC - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis maker of bearings and components is expected to post quarterly earnings of $3.42 per share in its upcoming report, which represents a year-over-year change of +20.4%.

Revenues are expected to be $508.64 million, up 16.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.57% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for RBC Bearings?For RBC Bearings, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.66%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that RBC Bearings will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that RBC Bearings would post earnings of $3.31 per share when it actually produced earnings of $3.62, delivering a surprise of +9.37%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

RBC Bearings appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Manufacturing - General Industrial industry, Idex (IEX - Free Report) , is soon expected to post earnings of $2.1 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +1.5%. Revenues for the quarter are expected to be $902.43 million, up 4.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Idex has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of -0.67%, reflecting a lower Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Idex will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.