Radius Recycling Inc expected to post a loss of $1.09 a share - Earnings Preview

Radius Recycling

02/04/2024 13:32

* Radius Recycling Inc  RDUS.OQ   RDUS.O  is expected
to show a
fall in quarterly revenue when it reports  results on April 4
for the period ending February 29 2024
    * The Portland Oregon-based  company is expected to report a
17.2% decrease in revenue to $626.15 million from $755.95
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Radius Recycling Inc is
for a
loss of $1.09 per share. The company's EPS guidance on March 14
2024, for the period ended February 29, was between $-1.10 and
$-1.05 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Radius
Recycling
Inc is $17.00​, below​ its last closing price of $20.96. ​​​

The company's guidance on March 14 2024 for the period ended
February 29 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD2 million.The company's
guidance on March 14 2024 for the period ended February 29 was
for Capital Expenditures of USD15 million.
This summary was machine generated April 2 at 12:32 GMT.  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)