(October 26)
RBC Bearings Inc. (ROLL) [Chart - Analysis - News] is scheduled to announce earnings before the market opens on Thursday, October 28th. Looking at the analyst consensus, it appears most traders believe ROLL is going to announce a profit of 39 cents per share.
As you prepare for ROLL's announcement on Thursday, remember that a profit of 39 cents per share has already been priced into the value of the stock. So if earnings come in at that level, we probably won't see much change in the price of the stock---unless the company changes its outlook for the future. It's also important to remember that good earnings don't always lead to higher stock prices.
Investors will also be evaluating other stocks in the Machine Tools & Accessories industry as ROLL announces its earnings to see if any of the same factors that are influencing ROLL may also come to bear on those stocks.
Stanley Black & Decker, Inc. (SWK) [Chart - Analysis - News], the largest company in the Machine Tools & Accessories industry (based on market cap), has gained $2.60 (4.46 percent) during the past month. Kaydon Corporation (KDN) [Chart - Analysis - News], another member of the Machine Tools & Accessories industry, has gained 51 cents (1.48 percent). Thermadyne Holdings Corp. (THMD) [Chart - Analysis - News] has gained $2.34 (18.41 percent).
Other News:
Rockwell Demonstrates Capabilities at Pack Expo
A Look Ahead to RBC Bearings's Earnings Announcement; ROLL, SWK, KDN, THMD
Formation of an NSK Ltd-Toshiba Joint Venture to Develop an Automotive Steering System
Announcement of Change in the Total Number of Votes in AB SKF 29 October 2010
Dana Holding Corporation Board of Directors Authorizes Payment of Dividend on Preferred Stock
SKF Now Offers Complete Line of Timing Belt Kits
Timken Unveils Products and Services in Advance of Automotive Aftermarket Week
New Integral Studded Guide Wheels Designed for "V" Groove Rails