Olympic Steel Inc expected to post earnings of 71  cents a share - Earnings Preview

Olympic Steel

03/05/2023 03:04

* Olympic Steel Inc  ZEUS.OQ   ZEUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 4. 
    * The Bedford Heights Ohio-based  company is expected to
report  a
14.5% decrease in revenue to $595.655 million from $696.33
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 71 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 $60.25​, above​ its last closing price of $47.52. ​​​

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 2022  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. 31 2022  2.18        2.16       3.23      Beat    49.5
 ​​Dec.        2.09        2.07       2.16      Beat    4.2
 31 2021                                                
 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
 This summary was machine generated May 3 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated