Reliance Steel & Aluminum Co expected to post earnings of $5.00 a share - Earnings Preview

Reliance

24/10/2023 16:38

* Reliance Steel & Aluminum Co  RS.N   RS  is expected
to show a
fall in quarterly revenue when it reports  results on October
26. 
    * The Scottsdale Arizona-based  company is expected to
report  a
14.8% decrease in revenue to $3.618 billion from $4.25 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Reliance Steel &
Aluminum
Co is for earnings of $5.00 per share. The company's EPS
guidance on July 27 2023, for the period ended September 30, was
between $4.90 and $5.10 
    * 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 $295​, above​ its last closing price of $244.56.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  6.16        6.19       6.48      Beat    4.8
 ​​Jun.        9.00        9.01       9.15      Beat    1.6
 30 2022                                                
 Mar. 31 2022  7.26        7.14       8.42      Beat    17.9​
 Dec. 31 2021  5.24        5.22       6.64      Beat    27.3
 Sep. 30 2021  6.02        5.95       6.15      Beat    3.3
 This summary was machine generated October 24 at 15:38 GMT.  All
figures in US dollars  unless otherwise stated