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

Reliance

27/07/2023 16:41

* Reliance Steel & Aluminum Co  RS.N  reported quarterly
adjusted
earnings of $6.49​​ per share for the quarter ended in June. The
mean expectation of seven analysts for the quarter was
for earnings of $6.55 per share.
    * Revenue fell 17.1% to $3.88 billion from a year ago;
analysts
expected $3.98 billion. 
    * Reliance Steel & Aluminum Co's reported EPS for the
quarter was
$6.49​.
    * The mean earnings estimate of analysts had fallen by
about 6.7%
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 6.9% this
quarter and gained 43.5% so far this year.
    * The company reported quarterly net income of $385.1
million.
    * Wall Street's median 12-month price target for Reliance
Steel &
Aluminum Co is $287.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 03:41 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      6.55           6.49           Missed
 Mar. 31 2023      5.76           6.37           Beat
 Dec. 31 2022      4.47           5.87           Beat
 Sep. 30 2022      6.19           6.48           Beat