Russel Metals Inc expected to post earnings of 83 cents a share - Earnings Preview

Russel Metals

30/07/2024 03:28

* Russel Metals Inc  RUS.TO   is expected to show a fall in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Mississauga Ontario-based  company is expected to
report a
8.2% decrease in revenue to C$1.093 billion from C$1.19 billion
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Russel Metals Inc is for
earnings of 83 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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$46.50​, above​ its last closing price of C$40.15. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.79        0.80       0.82      Beat    2.7
 Dec. 31 2024  0.71        0.71       0.78      Beat    10.6
 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.        0.92        0.94       1.19      Beat    26.6
 31 2023                                                
 Dec. 31 2022  0.77        0.78       0.93      Beat    19.2​
 Sep. 30 2022  1.17        1.18       1.45      Beat    23.2
 Jun. 30 2022  1.46        1.46       1.96      Beat    34.2
 This summary was machine generated July 30 at 02:28 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)