Reliance Steel & Aluminum Co expected to post earnings of $9.01 a share - Earnings Preview

Reliance

26/07/2022 19:32

* Reliance Steel & Aluminum Co  RS.N   RS  is expected
to show a
rise in quarterly revenue when it reports  results on July 28. 
    * The Scottsdale Arizona-based  company is expected to
report  a
34.7% increase in revenue to $4.604 billion from $3.42 billion a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Reliance Steel &
Aluminum
Co is for earnings of $9.01 per share. For the same quarter last
year, the company reported earnings of $5.06 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"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 $218​, above​ its last closing price of $185.20.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  7.26        7.14       8.42      Beat    17.9
 Dec. 31 2022  5.24        5.22       6.64      Beat    27.3
 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.        3.51        3.52       4.10      Beat    16.6
 31 2021                                                
 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. 30 2020  0.52        0.40       1.36      Beat    240
 This summary was machine generated July 26 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated