Reliance Steel & Aluminum Co expected to post earnings of $4.89 a share - Earnings Preview

Reliance

20/07/2021 11:50

* Reliance Steel & Aluminum Co  RS.N   RS  is expected to show a
rise in quarterly revenue when it reports results on July 22 .
* The Los Angeles, California-based company is expected to
report   a 57.0% increase in revenue to $3.17 billion from $2.02
billion a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Reliance Steel &
Aluminum Co is for earnings of $4.89 per share. For the same
quarter last year, the company reported earnings of $1.36 per
share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"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 $162​, about 10.7% above​ its last closing
price of $144.67. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  3.51        3.52       4.10      Beat    16.6
 Dec. 31 2020  2.17        2.02       2.01      Missed  -0.5
 Sep. 30 2020  1.71        1.60       1.87      Beat    16.5​
 Jun. 30 2020  0.52        0.40       1.36      Beat    240
 Mar.          2.09​       2.10       2.45      Beat    16.4​
 31​ 2020​                                              
 Dec. 31 2019  1.74        1.73       2.44      Beat    40.9​
 Sep. 30 2019  1.95        1.95       2.39      Beat    22.6
 Jun. 30 2019  2.57        2.58       2.71      Beat    5.1
 This summary was machine generated July 20 at 10:50 GMT.  All
figures in US dollars unless otherwise stated