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

Radius Recycling

05/01/2023 14:32

* Schnitzer Steel Industries Inc  SCHN.OQ  reported a
quarterly
adjusted loss of 44 cents​​ per share for the quarter ended in
November. The mean expectation of two analysts for the quarter
was for a loss of 45 cents per share.
    * Revenue fell 24.9% to $599.00 million from a year ago;
analysts
expected $602.73 million. 
    * The mean earnings estimate of analysts had fallen by
about 135.1% in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Schnitzer Steel Industries Inc shares had risen by 2.7%
this
quarter.
    * The company reported a quarterly loss of $18 million.
    * Wall Street's median 12-month price target for Schnitzer
Steel
Industries Inc is $36.00 
    * 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 Refinitiv data January 5
at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Feb. 28 2022      1.38           1.38           Met