Russel Metals Inc expected to post earnings of 59 cents a share - Earnings Preview

Russel Metals

05/11/2024 24:28

* Russel Metals Inc  RUS.TO   is expected to show a fall in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Mississauga Ontario-based  company is expected to
report a
2.8% decrease in revenue to C$1.079 billion from C$1.11 billion
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Russel Metals Inc is for
earnings of 59 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Russel
Metals Inc
is C$46.50​, above​ its last closing price of C$39.05. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.83        0.83       0.84      Beat    1
 Mar. 31 2024  0.79        0.80       0.82      Beat    2.7
 Dec. 31 2023  0.71        0.71       0.78      Beat    10.6​
 Sep. 30 2023  0.93        0.93       0.82      Missed  -11.4
 ​​Jun.        1.17        1.18       1.37      Beat    16.1
 30 2023                                                
 Mar. 31 2023  0.92        0.94       1.19      Beat    26.6​
 Jan. 1 0001   0.77        0.78       0.93      Beat    19.2
 Sep. 30 2022  1.17        1.18       1.45      Beat    23.2
 This summary was machine generated November 5 at 00:28 GMT.  All
figures in Canadian dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)