Recap: Ritchie Bros Auctioneers Q3 Earnings

Ritchie Bros Auctioneers RBA reported its Q3 earnings results on Monday, November 7, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Ritchie Bros Auctioneers beat estimated earnings by 6.0%, reporting an EPS of $0.53 versus an estimate of $0.5.

Revenue was up $81.80 million from the same period last year.

Last quarter the company missed on EPS by $0.04 which was followed by a 6.9% drop in the share price the next day.

Here's a look at Ritchie Bros Auctioneers's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.78	0.28	0.71	0.41
EPS Actual	0.74	0.46	0.50	0.44
Revenue Estimate	555.30M	448.18M	499.29M	401.27M
Revenue Actual	484.55M	393.92M	359.37M	329.68M

To track all earnings releases for Ritchie Bros Auctioneers visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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