Reliance Steel & Aluminum Co expected to post earnings of $6.19 a share - Earnings Preview

Reliance

25/10/2022 19:35

* Reliance Steel & Aluminum Co  RS.N   RS  is expected
to show a
rise in quarterly revenue when it reports  results on October
27. 
    * The Scottsdale Arizona-based  company is expected to
report  a
7.4% increase in revenue to $4.134 billion from $3.85 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 $6.19 per share. The company's EPS
guidance on July 28 2022, for the period ended September 30, was
between USD6 and USD6.2 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"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 $220.4​, above​ its last closing price
of $187.69. ​​​

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 2022  9.00        9.01       9.15      Beat    1.6
 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
 ​​Jun.        5.03        4.89       5.06      Beat    3.4
 30 2021                                                
 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
 This summary was machine generated October 25 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated