Reliance Steel & Aluminum Co expected to post earnings of $5.76 a share - Earnings Preview

Reliance

25/04/2023 19:32

* Reliance Steel & Aluminum Co  RS.N   RS  is expected
to show a
fall in quarterly revenue when it reports  results on April 27. 
    * The Scottsdale Arizona-based  company is expected to
report  a
12.3% decrease in revenue to $3.934 billion from $4.49 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 $5.76 per share. The company's EPS
guidance on February 16 2023, for the period ended March 31, was
between $5.40 and $5.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"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 $268​, above​ its last closing price of $249.91.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  9.00        9.01       9.15      Beat    1.6​
 Mar. 31 2022  7.26        7.14       8.42      Beat    17.9
 ​​Dec.        5.24        5.22       6.64      Beat    27.3
 31 2021                                                
 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
 This summary was machine generated April 25 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated