Russel Metals Inc expected to post earnings of C$1.18 a share - Earnings Preview

Russel Metals

09/08/2023 03:02

* Russel Metals Inc  RUS.TO   is expected to show a fall in
quarterly revenue when it reports  results on August 10. 
    * The Mississauga Ontario-based  company is expected to
report  a
9.7% decrease in revenue to C$1.23 billion from C$1.36 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Russel Metals Inc
is for
earnings of C$1.18 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"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$40.5​, above​ its last closing price of C$37.93. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.92        0.94       1.19      Beat    26.6
 Dec. 31 2023  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
 ​​Mar.        1.23        1.24       1.56      Beat    25.4
 31 2022                                                
 Dec. 31 2021  1.48        1.48       1.65      Beat    11.6​
 Sep. 30 2021  1.40        1.40       2.10      Beat    50.4
 Jun. 30 2021  1.29        1.29       1.88      Beat    46.3
 This summary was machine generated August 9 at 02:01 GMT.  All
figures in Canadian dollars  unless otherwise stated