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

Reliance

27/04/2023 14:32

* Reliance Steel & Aluminum Co  RS.N  reported quarterly
adjusted
earnings of $6.37​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of $5.76 per share.
    * Revenue fell 11.6% to $3.97 billion from a year ago;
analysts
expected $3.93 billion. 
    * Reliance Steel & Aluminum Co's reported EPS for the
quarter was
$6.43​.
    * The mean earnings estimate of analysts had risen by
about 16.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Reliance Steel & Aluminum Co shares had fallen by 6.4%
this
quarter and gained 18.7% so far this year.
    * The company reported quarterly net income of $383.1
million.
    * Wall Street's median 12-month price target for Reliance
Steel &
Aluminum Co is $268.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      9.01           9.15           Beat