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

Radius Recycling

06/04/2022 14:31

* Schnitzer Steel Industries Inc  SCHN.OQ  reported
quarterly
adjusted earnings of $1.38​​ per share for the quarter ended in
February. The mean expectation of three analysts for the quarter
was for earnings of $1.38 per share.
    * Revenue rose 30.5% to $783.20 million from a year ago; 
analysts
expected $779.39 million. 
    * Schnitzer Steel Industries Inc's reported EPS for the
quarter
was $1.27​.
    * The mean earnings estimate of analysts had fallen by
about 21.3%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Schnitzer Steel Industries Inc shares had fallen by 3.7%
this
quarter and lost 3.6% so far this year.
    * The company reported quarterly net income of $37.62
million.
    * Wall Street's median 12-month price target for Schnitzer
Steel
Industries Inc is $63.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 6 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated