Russel Metals Inc expected to post earnings of 80 cents a share - Earnings Preview

Russel Metals

29/04/2024 22:45

* Russel Metals Inc  RUS.TO   is expected to show a fall in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Mississauga Ontario-based  company is expected to
report a
5.6% decrease in revenue to C$1.12 billion from C$1.19 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Russel Metals Inc is for
earnings of 80 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 had risen by
about 1.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Russel
Metals Inc
is C$48.00​, above​ its last closing price of C$39.50. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.71        0.71       0.78      Beat    10.6
 Sep. 30 0001  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.        0.77        0.78       0.93      Beat    19.2
 31 2022                                                
 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
 This summary was machine generated April 29 at 21:45 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)