Schnitzer Steel Industries Inc expected to post earnings of $2.30 a share - Earnings Preview

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27/06/2022 13:32

* Schnitzer Steel Industries Inc  SCHN.OQ   SCHN.O  is
expected
to show a rise in quarterly revenue when it reports  results on
June 29. 
    * The Portland Oregon-based  company is expected to report 
a
12.0% increase in revenue to $919.089 million from $820.72
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Schnitzer Steel
Industries Inc is for earnings of $2.30 per share. For the same
quarter last year, the company reported earnings of $2.20 per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "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 Schnitzer
Steel
Industries Inc is $62​, above​ its last closing price of $32.91.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Feb. 28 2022  1.38        1.38       1.38      Met     0.2
 Nov. 30 2022  1.79        1.76       1.58      Missed  -10.2
 Aug. 31 2021  1.74        1.71       1.81      Beat    6.1​
 May. 31 2021  2.09        2.09       2.20      Beat    5.5
 ​​Feb.        0.99        0.99       1.51      Beat    52.5
 28 2021                                                
 Nov. 30 2020  0.39        0.39       0.57      Beat    46.2​
 Aug. 31 2020  0.13        0.13       0.23      Beat    76.9
 May. 31 2020  -0.13       -0.12      0.05      Beat    140
 This summary was machine generated June 27 at 12:32 GMT.  All
figures in US dollars  unless otherwise stated