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

Radius Recycling

02/07/2024 14:31

* Radius Recycling Inc  RDUS.OQ  reported a quarterly
adjusted
loss of 59 cents​​ per share for the quarter ended in May, lower
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of two analysts for the
quarter was for a loss of 66 cents per share. Wall Street
expected results to range from -87 cents to -45 cents per share.
    * Revenue fell 16.8% to $673.92 million from a year ago;
analysts
expected $693.90 million. 
    * The company reported quarterly net income of $198.39
million.
    * Radius Recycling Inc shares had risen by 0.1% this
quarter and
lost 49.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
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 "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 July 2 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
 May. 31 2024      -0.66          -0.59          Beat
 Feb. 29 2024      -1.09          -1.04          Beat
 Nov. 30 2023      -0.70          -0.64          Beat
 Aug. 31 2023      0.31           0.47           Beat