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

Olympic Steel

05/05/2023 02:30

* Olympic Steel Inc  ZEUS.OQ  reported quarterly adjusted
earnings
of 80 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 71 cents per share.
    * Revenue fell 17.7% to $573.08 million from a year ago;
analysts
expected $595.66 million. 
    * Olympic Steel Inc's reported EPS for the quarter was 80
cents​.
    * The mean earnings estimate of analysts had fallen by
about 28.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Olympic Steel Inc shares had fallen by 10.4% this
quarter and
gained 39.3% so far this year.
    * The company reported quarterly net income of $9.87
million.
    * Wall Street's median 12-month price target for Olympic
Steel Inc
is $60.25 
    * 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 May
5 at 01:30 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.71           0.80           Beat
 Dec. 31 2022      0.21           0.34           Beat
 Sep. 30 2022      0.93           1.04           Beat
 Jun. 30 2022      2.72           3.26           Beat