Reliance Inc expected to post earnings of $5.55 a share - Earnings Preview

Reliance

23/04/2024 11:53

* Reliance Inc  RS.N   RS  is expected to show a fall in
quarterly
revenue when it reports  results on April 25 for the period
ending March 31 2024
    * The Scottsdale Arizona-based  company is expected to
report a
5.2% decrease in revenue to $3.757 billion from $3.97 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 $5.55 per share. The company's EPS guidance on February 15
2024, for the period ended March 31, was between $5.30 and
$5.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "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
$362.00​, above​ its last closing price of $319.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  3.95        3.92       4.73      Beat    20.7
 Sep. 30 2023  5.01        5.00       4.99      Missed  -0.2
 Jun. 30 2023  6.55        6.55       6.49      Missed  -1​
 Mar. 31 2023  5.81        5.76       6.37      Beat    10.6
 ​​Dec.        4.47        4.47       5.87      Beat    31.2
 31 2022                                                
 Sep. 30 2022  6.16        6.19       6.48      Beat    4.8​
 Jun. 30 2022  9.00        9.01       9.15      Beat    1.6
 Mar. 31 2022  7.26        7.14       8.42      Beat    17.9
 This summary was machine generated April 23 at 10:52 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)