RBC Bearings, a leading manufacturer of bearings and components, saw its stock surge 5.09% in the pre-market session on Monday. The rally was fueled by the company's impressive third-quarter fiscal 2025 earnings results and positive analyst commentary.
RBC Bearings reported adjusted earnings per share of $2.34, surpassing the consensus estimate of $2.20 and marking a 26.5% increase from the year-ago period. While revenues of $394.4 million missed expectations, they grew 5.5% year-over-year. The company's backlog also increased to $896.5 million, indicating robust demand.
Analysts were encouraged by RBC Bearings' performance, with KeyBanc maintaining an "Overweight" rating and Truist Securities raising its price target to $410 from $351, citing the potential benefits from tariffs and the company's ability to pass along pricing due to its strong positioning in the U.S. market.