- RB Global’s Adjusted EPS for the second quarter is $1.07, surpassing the expected 95 cents per share.
- The company’s reported EPS stands at 53 cents.
- RB Global generated a total revenue of $1.19 billion, exceeding the anticipated $1.13 billion.
- Service revenue achieved $887.2 million, beating the projected $877.5 million.
- Inventory sales revenue reached $298.8 million, higher than the expected $248.9 million.
- The company’s operating income is reported at $188.6 million.
- Adjusted EBITDA amounted to $364.5 million, surpassing the estimate of $340.7 million.
- Market analysts’ recommendations include 8 buys, 1 hold, and 1 sell.
A look at RB Global Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
RB Global, Inc. is positioned for a steady long-term growth trajectory, indicated by its overall Smart Scores in key areas. With a solid momentum score of 4, the company is showing strong positive momentum in its market performance. This could signify potential for continued upward movement in the future. Additionally, RB Global scores well in value, growth, and resilience, with scores of 3 in each category. This suggests the company is fundamentally sound, with room for growth and the ability to weather market challenges.
Although RB Global falls slightly short in the dividend category with a score of 2, its overall outlook remains positive based on the combination of its scores across different factors. Overall, RB Global, Inc. is a company that offers a comprehensive marketplace for commercial assets, with a focus on providing end-to-end transaction solutions. Investors looking for a company with a solid growth potential and positive market momentum could consider RB Global as a viable long-term investment option.
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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