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

Radius Recycling

05/01/2024 11:15

* Schnitzer Steel Industries Inc  RDUS.OQ  reported a
quarterly
adjusted loss of 64 cents​​ per share for the quarter ended in
November, lower than the same quarter last year, when the
company reported EPS of -44 cents.  The mean expectation of
two analysts for the quarter was for a loss of 70 cents per
share. Wall Street expected results to range from -80 cents
to -61 cents per share.
    * Revenue rose 12.3% to $672.90 million from a year ago;
analysts
expected $643.35 million. 
    * The company reported a quarterly loss of $17.96 million.
    * Schnitzer Steel Industries Inc shares had fallen by 9.7%
this
quarter.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "hold"

This summary was machine generated from LSEG data January 5 at
11:14 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2023      -0.70          -0.64          Beat
 Aug. 31 2023      0.31           0.47           Beat
 May. 31 2023      0.64           0.67           Beat
 Feb. 28 2023      0.22           0.14           Missed