Olympic Steel Inc expected to post earnings of $1.22 a share - Earnings Preview

Olympic Steel

02/08/2023 02:14

* Olympic Steel Inc  ZEUS.OQ   ZEUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on August 3. 
    * The Bedford Heights Ohio-based  company is expected to
report  a
10.3% decrease in revenue to $636.41 million from $709.18
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Olympic Steel Inc
is for
earnings of $1.22 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Olympic
Steel Inc
is $53​, above​ its last closing price of $52.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.69        0.71       0.85      Beat    19.7
 Dec. 31 2023  0.22        0.21       0.34      Beat    59.4
 Sep. 30 2022  0.92        0.93       1.04      Beat    11.8​
 Jun. 30 2022  2.78        2.72       3.26      Beat    19.7
 ​​Mar.        2.18        2.16       3.23      Beat    49.5
 31 2022                                                
 Dec. 31 2021  2.09        2.07       2.16      Beat    4.2​
 Sep. 30 2021  2.60        2.53       3.64      Beat    43.7
 Jun. 30 2021  1.96        1.93       2.58      Beat    33.9
 This summary was machine generated August 2 at 01:14 GMT.  All
figures in US dollars  unless otherwise stated