Reliance Steel & Aluminum Co expected to post earnings of $3.92 a share - Earnings Preview

Reliance

13/02/2024 13:47

* Reliance Steel & Aluminum Co  RS.N   RS  is expected
to show a
fall in quarterly revenue when it reports  results on February
15 for the period ending December 31 2023
    * The Scottsdale Arizona-based  company is expected to
report a
8.6% decrease in revenue to $3.302 billion from $3.61 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 Steel &
Aluminum Co
is for earnings of $3.92 per share. The company's EPS guidance
on October 26 2023, for the period ended December 31, was
between $3.70 and $3.90 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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
Steel &
Aluminum Co is $300.00​, above​ its last closing price
of $298.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  4.47        4.47       5.87      Beat    31.2
 ​​Sep.        6.16        6.19       6.48      Beat    4.8
 30 2022                                                
 Jun. 30 2022  9.00        9.01       9.15      Beat    1.6​
 Mar. 31 2022  7.26        7.14       8.42      Beat    17.9
 Dec. 31 2021  5.24        5.22       6.64      Beat    27.3
 This summary was machine generated February 13 at 13:47 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)