Reliance Inc expected to post earnings of $3.66 a share - Earnings Preview

Reliance

22/10/2024 15:04

* Reliance Inc  RS.N   RS  is expected to show a fall in
quarterly
revenue when it reports  results on October 24 for the period
ending September 30 2024
    * The Scottsdale Arizona-based  company is expected to
report a
6.7% decrease in revenue to $3.379 billion from $3.62 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data. (Sales/ Revenue Majority Basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for Reliance Inc is for
earnings
of $3.66 per share. The company's EPS guidance on July 25 2024,
for the period ended September 30, was between $3.60 and $3.80 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Reliance
Inc is
$325.00​, above​ its last closing price of $296.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  4.71        4.73       4.65      Missed  -1.8
 Mar. 31 2024  5.53        5.53       5.30      Missed  -4.2
 Jan. 1 0001   3.95        3.92       4.73      Beat    20.7​
 Sep. 30 2023  5.01        5.00       4.99      Missed  -0.2
 ​​Jan.        6.55        6.55       6.49      Missed  -1
 1 0001                                                 
 Mar. 31 2023  5.81        5.76       6.37      Beat    10.6​
 Dec. 31 2022  4.47        4.47       5.87      Beat    31.2
 Sep. 30 2022  6.16        6.19       6.48      Beat    4.8
 This summary was machine generated October 22 at 14:03 GMT.  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)