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

Radius Recycling

29/06/2022 14:31

* Schnitzer Steel Industries Inc  SCHN.OQ  reported
quarterly
adjusted earnings of $2.59​​ per share for the quarter ended in
May. The mean expectation of three analysts for the quarter was
for earnings of $2.30 per share.
    * Revenue rose 23.1% to $1.01 billion from a year ago; 
analysts
expected $919.09 million. 
    * Schnitzer Steel Industries Inc's reported EPS for the
quarter
was $2.52​.
    * The mean earnings estimate of analysts had risen by
about 15.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Schnitzer Steel Industries Inc shares had fallen by 34.4%
this
quarter and lost 34.4% so far this year.
    * The company reported quarterly net income of $74.63
million.
    * Wall Street's median 12-month price target for Schnitzer
Steel
Industries Inc is $62.00 
    * 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." 

This summary was machine generated June 29 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated