Reliance Steel & Aluminum Co expected to post earnings of $5.22 a share - Earnings Preview

Reliance

15/02/2022 11:51

* Reliance Steel & Aluminum Co  RS.N   RS  is expected
to show a
rise in quarterly revenue when it reports  results on February
17. 
    * The Los Angeles California-based  company is expected to
report 
a 79.4% increase in revenue to $3.828 billion from $2.13 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 $5.22 per share. For the same quarter last
year, the company reported earnings of $2.01 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $179​, about 9.6% above​ its last closing price
of $161.85. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  6.02        5.95       6.15      Beat    3.3
 Jun. 30 2021  5.03        4.89       5.06      Beat    3.4
 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.        1.71        1.60       1.87      Beat    16.5
 30 2020                                                
 Jun. 30 2020  0.52        0.40       1.36      Beat    240​
 Mar. 31 2020  2.09        2.10       2.45      Beat    16.4
 Dec. 31 2019  1.74        1.73       2.44      Beat    40.9
 This summary was machine generated February 15 at 11:51 GMT. 
All figures in US dollars  unless otherwise stated