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

Radius Recycling

04/04/2024 14:31

* Radius Recycling Inc  RDUS.OQ  reported quarterly adjusted
earnings of $1.04​​ per share for the quarter ended in February,
higher than the same quarter last year, when the company
reported EPS of 14 cents.  The mean expectation of two analysts
for the quarter was for a loss of $1.09 per share. Wall Street
expected results to range from $-1.10 to $-1.09 per share.
    * Revenue fell 17.8% to $621.06 million from a year ago;
analysts
expected $626.15 million. 
    * Radius Recycling Inc's reported EPS for the quarter was a
loss
of $1.19​.
    * The company reported a quarterly loss of $33.98 million.
    * Radius Recycling Inc shares had fallen by 4.6% this
quarter and
lost 33.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5,375% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the iron & steel
peer
group is  "sell."

Wall Street's median 12-month price target for Radius Recycling
Inc is $17.00 
This summary was machine generated from LSEG data April 4 at
01:31 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
 Feb. 29 2024      -1.09          1.04           Beat
 Nov. 30 2023      -0.70          -0.64          Beat
 Aug. 31 2023      0.31           0.47           Beat
 May. 31 2023      0.64           0.67           Beat