Russel Metals Inc expected to post earnings of 78cents a share - Earnings Preview

Russel Metals

08/02/2023 02:37

* Russel Metals Inc  RUS.TO   is expected to show a fall in
quarterly revenue when it reports  results on February 9. 
    * The Mississauga Ontario-based  company is expected to
report  a
3.4% decrease in revenue to C$1.108 billion from C$1.15 billion
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Russel Metals Inc
is for
earnings of 78 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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$36.75​, above​ its last closing price of C$32.33. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.17        1.18       1.45      Beat    23.2
 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
 ​​Sep.        1.40        1.40       2.10      Beat    50.4
 30 2021                                                
 Jun. 30 2021  1.29        1.29       1.88      Beat    46.3​
 Mar. 31 2021  0.74        0.75       1.29      Beat    72
 Dec. 31 2020  0.23        0.22       0.23      Beat    6.2
 This summary was machine generated February 8 at 02:37 GMT.  All
figures in Canadian dollars  unless otherwise stated