Olympic Steel Inc expected to post earnings of $1.93 a share - Earnings Preview

Olympic Steel

04/08/2021 02:15

* Olympic Steel Inc  ZEUS.OQ   ZEUS.O  is expected to show a
rise in quarterly revenue when it reports results on August 5. 
* The Bedford Heights, Ohio-based company is expected to report 
 a 104.6% increase in revenue to $508.045 million from $248.3
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 $1.93 per share. For the same quarter last year,
the company reported a loss of 35 cents 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 $33​, about 11% above​ its last closing price
of $29.37. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  1.29        1.29       1.91      Beat    48.4
 Dec. 31 2020  0.06        0.07       0.16      Beat    146.2
 Sep. 30 2020  -0.14       -0.14      -0.14     Met     0​
 Jun. 30 2020  -0.40       -0.40      -0.35     Beat    13.6
 Mar.          0.08​       0.08       0.05      Missed  -33.3​
 31​ 2020​                                              
 Dec. 31 2019  -0.21       -0.21      -0.08     Beat    61.3​
 Sep. 30 2019  0.06        0.07       0.05      Missed  -25
 Jun. 30 2019  0.15        0.16       0.18      Beat    12.5
 This summary was machine generated August 4 at 01:15 GMT.  All
figures in US dollars unless otherwise stated