Reliance Inc reports results for the quarter ended June 30 - Earnings Summary

Reliance

23/07/2025 22:02

Reliance Inc RS.N reported quarterly adjusted earnings of $4.43​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $4.65.  The mean expectation of seven analysts for the quarter was for earnings of $4.68 per share. Wall Street expected results to range from $4.61  to $4.80 per share.

Revenue rose 0.5% to $3.66 billion from a year ago; analysts expected $3.68 billion.

Reliance Inc's reported EPS for the quarter was $4.42​.

The company reported quarterly net income of $233.7 million.

Reliance Inc shares had risen by 8.4% this quarter and gained 26.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy"

Wall Street's median 12-month price target for Reliance Inc is $335.00, about 2.6% below its last closing price of $343.66

This summary was machine generated from LSEG data July 23 at 09:02 p.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
Jun. 30 2025
4.68
4.43
Missed
Mar. 31 2025
3.70
3.77
Beat
Dec. 31 2024
2.74
2.22
Missed
Sep. 30 2024
3.66
3.64
Missed