Commercial asset marketplace RB Global (NYSE: RBA) will be reporting earnings this Thursday after market close. Here’s what to expect.
RB Global beat analysts’ revenue expectations by 5% last quarter, reporting revenues of $1.19 billion, up 8.2% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is RB Global a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting RB Global’s revenue to grow 7.7% year on year to $1.06 billion, a reversal from the 3.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RB Global has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by 4.1% on average.
Looking at RB Global’s peers in the business services & supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Steelcase delivered year-on-year revenue growth of 4.8%, beating analysts’ expectations by 2.7%, and Interface reported revenues up 5.9%, topping estimates by 2%. Steelcase’s stock price was unchanged after the resultswhile Interface was down 3.3%.
Read our full analysis of Steelcase’s results here and Interface’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.4% on average over the last month. RB Global is down 7.1% during the same time and is heading into earnings with an average analyst price target of $122.50 (compared to the current share price of $99.82).
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