Radius Recycling Inc reports results for the quarter ended in August 31 - Earnings Summary

Radius Recycling

24/10/2024 17:03

* Radius Recycling Inc  RDUS.OQ  reported a quarterly
adjusted
loss of 41 cents​​ per share for the quarter ended August 31,
lower than the same quarter last year, when the company reported
EPS of 47 cents.  The mean expectation of two analysts for the
quarter was for a loss of 59 cents per share. Wall Street
expected results to range from -79 cents to -40 cents per share.
    * Revenue rose 7.4% to $770.82 million from a year ago;
analysts
expected $688.95 million. 
    * Radius Recycling Inc's reported EPS for the quarter was a
loss
of 56 cents​.
    * The company reported a quarterly loss of $16.08 million.
    * Radius Recycling Inc shares had fallen by 10.2% this
quarter and
lost 44.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "hold"

This summary was machine generated from LSEG data October 24 at
04:03 p.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
 Aug. 31 2024      -0.59          -0.41          Beat
 May. 31 2024      -0.66          -0.59          Beat
 Feb. 29 2024      -1.09          -1.04          Beat
 Nov. 30 2023      -0.70          -0.64          Beat