Investing.com: As Infrastructure Spending Bolsters Growth, Keep An Eye On These Earnings Outliers
See full article: https://www.investing.com/analysis/as-infrastructure-spending-bolsters-growth-keep-an-eye-on-these-earnings-outliers-200590704
S&P 500 firms have easily beaten analyst earnings expectations four quarters in a row—the drive for five is on! We feature two earnings outliers this week as the second quarter reporting season begins.
Rexnord Corp (NYSE:RXN) is a $6-billion market cap Industrials company. The Wisconsin-based multi-industry firm primarily engages in the manufacturing of engineered power transmission, aerospace and other precision motion technology products. This is a firm that may benefit from increased capital spending by private industries and infrastructure investment by the federal government. More imminently, however, there has been a significant reporting change which we will detail later.