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

Reliance

27/10/2022 14:33

* Reliance Steel & Aluminum Co  RS.N  reported quarterly
adjusted
earnings of $6.48​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of $6.19 per share.
    * Revenue rose 10.4% to $4.25 billion from a year ago;
analysts
expected $4.13 billion. 
    * Reliance Steel & Aluminum Co's reported EPS for the
quarter was
$6.45​.
    * The mean earnings estimate of analysts had fallen by
about 7.9%
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 11.3%
this
quarter and gained 19.7% so far this year.
    * The company reported quarterly net income of $393.5
million.
    * Wall Street's median 12-month price target for Reliance
Steel &
Aluminum Co is $216.80 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 01:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      6.19           6.48           Beat
 Jun. 30 2022      9.01           9.15           Beat
 Mar. 31 2022      7.14           8.42           Beat
 Dec. 31 2021      5.22           6.64           Beat