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

Radius Recycling

25/10/2023 14:32

* Schnitzer Steel Industries Inc  RDUS.OQ  reported
quarterly
adjusted earnings of 47 cents​​ per share for the quarter ended
in August. The lone analyst forecast for the quarter was
for earnings of 31 cents per share.
    * Revenue fell 19.7% to $717.93 million from a year ago;
analysts
expected $721.30 million. 
    * The mean earnings estimate of analysts had fallen by
about 11.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Schnitzer Steel Industries Inc shares had fallen by 12.9%
this
quarter and lost 20.8% so far this year.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.31           0.47           Beat
 May. 31 2023      0.64           0.67           Beat
 Feb. 28 2023      0.22           0.14           Missed
 Nov. 30 2022      -0.45          -0.44          Beat