Olympic Steel Inc reports results for the quarter ended March 31 - Earnings Summary

Olympic Steel

02/05/2025 05:05

Olympic Steel Inc ZEUS.OQ reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 75 cents.  The mean expectation of three analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 15 cents to 16 cents per share.

Revenue fell 6.4% to $492.94 million from a year ago; analysts expected $468.51 million.

Olympic Steel Inc's reported EPS for the quarter was 21 cents​.

The company reported quarterly net income of $2.51 million.

Olympic Steel Inc shares had risen by 2.3% this quarter and lost 1.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 82.2% 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 "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is  "buy."

Wall Street's median 12-month price target for Olympic Steel Inc is $45.25

This summary was machine generated from LSEG data May 2 at 04:04 a.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
Mar. 31 2025
0.16
0.21
Beat
Dec. 31 2024
0.10
0.33
Beat
Sep. 30 2024
0.31
0.23
Missed
Jun. 30 2024
0.55
0.66
Beat