Olympic Steel Inc expected to post earnings of 72 cents a share - Earnings Preview

Olympic Steel

30/04/2024 21:17

* Olympic Steel Inc  ZEUS.OQ   ZEUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Bedford Heights Ohio-based  company is expected to
report a
2.6% decrease in revenue to $558.31 million from $573.08 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 72 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 $73.00​, above​ its last closing price of $66.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.31        0.30       0.64      Beat    115.7
 Sep. 30 2023  0.85        0.85       0.81      Missed  -4.7
 Jun. 30 2023  1.21        1.22       1.30      Beat    6.6​
 Jan. 1 0001   0.69        0.71       0.85      Beat    19.7
 ​​Dec.        0.22        0.21       0.34      Beat    59.4
 31 2022                                                
 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
 This summary was machine generated April 30 at 20:17 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)