Olympic Steel Inc expected to post earnings of $2.16 a share - Earnings Preview

Olympic Steel

04/05/2022 03:08

* Olympic Steel Inc  ZEUS.OQ   ZEUS.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 5. 
    * The Bedford Heights Ohio-based  company is expected to
report  a
17.6% increase in revenue to $544.55 million from $463.12
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 $2.16 per share. For the same quarter last year, the
company reported earnings of $1.91 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 $40​, above​ its last closing price of $35.60. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2021  1.29        1.29       1.91      Beat    48.4
 ​​Dec.        0.06        0.07       0.16      Beat    146.2
 31 2020                                                
 Sep. 30 2020  -0.14       -0.14      -0.14     Met     0​
 Jun. 30 2020  -0.40       -0.40      -0.35     Beat    13.6
 Mar. 31 2020  0.08        0.08       0.05      Missed  -33.3
 This summary was machine generated May 4 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated