Ritchie Bros Auctioneers: Q1 Earnings Insights

Ritchie Bros Auctioneers RBA reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:01 PM.

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

Ritchie Bros Auctioneers beat estimated earnings by 16.33%, reporting an EPS of $0.57 versus an estimate of $0.49.

Revenue was up $118.48 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 0.47% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.60	0.50	0.78	0.28
EPS Actual	0.68	0.53	0.74	0.46
Revenue Estimate	416.23M	490.57M	555.30M	448.18M
Revenue Actual	443.86M	411.48M	484.55M	393.92M

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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