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

Radius Recycling

05/04/2023 14:31

* Schnitzer Steel Industries Inc  SCHN.OQ  reported
quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in February. The mean expectation of two analysts for the
quarter was for earnings of 22 cents per share.
    * Revenue fell 3.5% to $755.95 million from a year ago;
analysts
expected $698.47 million. 
    * The mean earnings estimate of analysts had fallen by
about 12.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Schnitzer Steel Industries Inc shares had fallen by 2.5%
this
quarter and lost 1.0% so far this year.
    * The company reported quarterly net income of $4.35
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 LSEG Refinitiv data
April 5 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 28 2023      0.22           0.14           Missed
 Nov. 30 2022      -0.45          -0.44          Beat
 Aug. 31 2022      0.46           0.50           Beat
 May. 31 2022      2.30           2.59           Beat