Schnitzer Steel Industries Inc reports results for the quarter ended in August - Earnings Summary

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24/10/2022 14:31

* Schnitzer Steel Industries Inc  SCHN.OQ  reported
quarterly
adjusted earnings of 50 cents​​ per share for the quarter ended
in August. The mean expectation of two analysts for the quarter
was for earnings of 46 cents per share.
    * Revenue rose 5.8% to $894.41 million from a year ago;
analysts
expected $817.60 million. 
    * Schnitzer Steel Industries Inc's reported EPS for the
quarter
was 36 cents​.
    * The mean earnings estimate of analysts had fallen by
about 48.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Schnitzer Steel Industries Inc shares had risen by 9.6%
this
quarter and lost 39.9% so far this year.
    * The company reported quarterly net income of $10.35
million.
    * Wall Street's median 12-month price target for Schnitzer
Steel
Industries Inc is $39.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
24 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2022      0.46           0.50           Beat
 May. 31 2022      2.30           2.59           Beat
 Feb. 28 2022      1.38           1.38           Met
 Nov. 30 2021      1.76           1.58           Missed