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

Olympic Steel

03/08/2023 23:45

* Olympic Steel Inc  ZEUS.OQ  reported quarterly adjusted
earnings
of $1.30​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of $1.22 per share.
    * Revenue fell 19.7% to $569.27 million from a year ago;
analysts
expected $636.41 million. 
    * Olympic Steel Inc's reported EPS for the quarter was
$1.30​.
    * The mean earnings estimate of analysts had fallen by
about 11.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Olympic Steel Inc shares had risen by 4.4% this
quarter and
gained 52.4% so far this year.
    * The company reported quarterly net income of $15.02
million.
    * Wall Street's median 12-month price target for Olympic
Steel Inc
is $53.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 10:44 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.22           1.30           Beat
 Mar. 31 2023      0.71           0.85           Beat
 Dec. 31 2022      0.21           0.34           Beat
 Sep. 30 2022      0.93           1.04           Beat