Reliance Steel & Aluminum Co reports results for the quarter ended in December - Earnings Summary

Reliance

16/02/2023 14:32

* Reliance Steel & Aluminum Co  RS.N  reported quarterly
adjusted
earnings of $5.87​​ per share for the quarter ended in December.
The mean expectation of eight analysts for the quarter was
for earnings of $4.47 per share.
    * Revenue fell 9.5% to $3.61 billion from a year ago;
analysts
expected $3.64 billion. 
    * Reliance Steel & Aluminum Co's reported EPS for the
quarter was
$5.88​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Reliance Steel & Aluminum Co shares had risen by 15.3%
this
quarter.
    * Wall Street's median 12-month price target for Reliance
Steel &
Aluminum Co is $230.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
16 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      4.47           5.87           Beat
 Sep. 30 2022      6.19           6.48           Beat
 Jun. 30 2022      9.01           9.15           Beat
 Mar. 31 2022      7.14           8.42           Beat