Russel Metals Inc expected to post earnings of 71 cents a share - Earnings Preview

Russel Metals

06/02/2024 21:10

* Russel Metals Inc  RUS.TO   is expected to show a fall in
quarterly revenue when it reports  results on February 8 for the
period ending December 31 2023
    * The Mississauga Ontario-based  company is expected to
report a
6.3% decrease in revenue to C$1.03 billion from C$1.1 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Russel Metals Inc is for
earnings of 71 cents per share. 
    * 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."  
    * 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$47.50​, above​ its last closing price of C$45.41. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.93        0.93       0.82      Missed  -11.4
 Jun. 30 2023  1.17        1.18       1.37      Beat    16.1
 Mar. 31 2023  0.92        0.94       1.19      Beat    26.6​
 Dec. 31 2022  0.77        0.78       0.93      Beat    19.2
 ​​Sep.        1.17        1.18       1.45      Beat    23.2
 30 2022                                                
 Jun. 30 2022  1.46        1.46       1.96      Beat    34.2​
 Mar. 31 2022  1.23        1.24       1.56      Beat    25.4
 Dec. 31 2021  1.48        1.48       1.65      Beat    11.6
 This summary was machine generated February 6 at 21:10 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)