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

Olympic Steel

02/11/2023 23:06

* Olympic Steel Inc  ZEUS.OQ  reported quarterly adjusted
earnings
of 81 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of $1.04.  The mean expectation of three analysts for the
quarter was for earnings of 85 cents per share. Wall Street
expected results to range from 80 cents to 88 cents per share.
    * Revenue fell 17% to $526.41 million from a year ago;
analysts
expected $555.73 million. 
    * Olympic Steel Inc's reported EPS for the quarter was
$1.06​.
    * The company reported quarterly net income of $12.23
million.
    * Olympic Steel Inc shares had fallen by 5.6% this
quarter and
gained 58.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $54.00 
This summary was machine generated from LSEG data November 2 at
11:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.85           0.81           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