Reliance Steel & Aluminum Co expected to post earnings of $5.95 a share - Earnings Preview

Reliance

27/10/2021 08:31

* Reliance Steel & Aluminum Co  RS.N   RS  is expected to show a
rise in quarterly revenue when it reports results on October
28. 
* The Los Angeles, California-based company is expected to
report  a 79.1% increase in revenue to $3.735 billion from $2.09
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 $5.95 per share. For the same
quarter last year, the company reported earnings of $1.87 per
share.
* 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 $165​, about 8.4% above​ its last closing price
of $151.14. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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. 30 2020  1.71        1.60       1.87      Beat    16.5
 Jun.          0.52​       0.40       1.36      Beat    240​
 30​ 2020​                                              
 Mar. 31 2020  2.09        2.10       2.45      Beat    16.4​
 Dec. 31 2019  1.74        1.73       2.44      Beat    40.9
 Sep. 30 2019  1.95        1.95       2.39      Beat    22.6
 This summary was machine generated October 27 at 07:31 GMT.  All
figures in US dollars unless otherwise stated