RB Global Inc
RBA: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$41.00 | Hncwxg | Znzyhcdq |
RB Global Earnings: We Expect Sales and Margin Growth in 2024
RB Global reported first-quarter earnings ahead of our expectations. We increased our fair value estimate by 5% to $57 per share, up from $54. The increase was attributable to the time value of money and our higher near-term sales and margin expectations. In 2024, we project sales to increase by nearly 5% year on year while the operating margin expands by 260 basis points to 15.4%.