Oppenheimer Reports On RBC Growth

Oppenheimer has issued a report regarding the growth of Regal-Beloit RBC. According to the reportm "RBC posted 31% revenue growth (18% acquisitions, we estimate 3% price, 10% volume and FX), to $663M, vs. 21% consensus growth. 5c EPS upside vs. consensus included 12c of deal costs related to the AOS acquisition process. We are unsure what level had been factored into guidance or consensus, but this is a discrete nonrecurring item, with similar level included in 2Q guidance, creating a 24c tailwind in 1H12 vs. 1Q11A and 2Q11 guide combined." RBC has an Outperform Rating and an $88 Price Target. RBC closed at $73.33 a share yesterday.