Olympic Steel Inc expected to post earnings of 55 cents a share - Earnings Preview

Olympic Steel

30/07/2024 21:48

* Olympic Steel Inc  ZEUS.OQ   ZEUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on August 1 for
the period ending June 30 2024
    * The Bedford Heights Ohio-based  company is expected to
report a
5.7% decrease in revenue to $536.877 million from $569.27
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Olympic Steel Inc is for
earnings of 55 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 $54.00​, above​ its last closing price of $49.15. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.74        0.72       0.75      Beat    4.2
 Dec. 31 0001  0.31        0.30                         115.7
 Jan. 1 0001   0.85        0.85                         -4.7​
 Jan. 1 0001   1.21        1.22       1.30      Beat    6.6
 ​​Jan.        0.69        0.71       0.85      Beat    19.7
 1 0001                                                 
 Jan. 1 0001   0.22        0.21       0.34      Beat    59.4​
 Sep. 30 2022  0.92        0.93       1.04      Beat    11.8
 Jan. 1 0001   2.78        2.72       3.26      Beat    19.7
 This summary was machine generated July 30 at 20:48 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)