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

Reliance

28/04/2022 19:56

* Reliance Steel & Aluminum Co  RS.N  reported quarterly
adjusted
earnings of $8.42​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of $7.14 per share.
    * Revenue rose 58% to $4.49 billion from a year ago; 
analysts
expected $4.13 billion. 
    * Reliance Steel & Aluminum Co's reported EPS for the
quarter was
$8.33​.
    * The mean earnings estimate of analysts had risen by
about 41.2%
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 3.2% this
quarter and gained 16.7% so far this year.
    * The company reported quarterly net income of $523.3
million.
    * Wall Street's median 12-month price target for Reliance
Steel &
Aluminum Co is $212.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 28 at 06:56 p.m.  ​All
figures in US dollars unless otherwise stated