Olympic Steel Inc reports results for the quarter ended in December - Earnings Summary

Olympic Steel

23/02/2024 12:42

* Olympic Steel Inc  ZEUS.OQ  reported quarterly adjusted
earnings
of 64 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of
three analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 19 cents to 38
cents per share.
    * Revenue fell 5.9% to $489.41 million from a year ago;
analysts
expected $502.27 million. 
    * Olympic Steel Inc's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $7.41
million.
    * Olympic Steel Inc shares had risen by 4.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the iron & steel
peer
group is also "buy"

Wall Street's median 12-month price target for Olympic Steel Inc
is $59.00 
This summary was machine generated from LSEG data February 23 at
12:41 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.30           0.64           Beat
 Sep. 30 2023      0.85           0.81           Missed
 Jun. 30 2023      1.22           1.30           Beat
 Mar. 31 2023      0.71           0.85           Beat