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

Radius Recycling

27/06/2023 14:31

* Schnitzer Steel Industries Inc  SCHN.OQ  reported
quarterly
adjusted earnings of 67 cents​​ per share for the quarter ended
in May. The mean expectation of two analysts for the quarter was
for earnings of 64 cents per share.
    * Revenue fell 19.8% to $809.61 million from a year ago;
analysts
expected $823.95 million. 
    * The mean earnings estimate of analysts had fallen by
about 5.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Schnitzer Steel Industries Inc shares had risen by 2.0%
this
quarter and gained 3.5% so far this year.
    * The company reported quarterly net income of $13.46
million.
    * Wall Street's median 12-month price target for Schnitzer
Steel
Industries Inc is $34.00 
    * 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 June
27 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.64           0.67           Beat
 Feb. 28 2023      0.22           0.14           Missed
 Nov. 30 2022      -0.45          -0.44          Beat
 Aug. 31 2022      0.46           0.50           Beat