Russel Metals Inc expected to post earnings of C$1.46 a share - Earnings Preview

Russel Metals

08/08/2022 23:02

* Russel Metals Inc  RUS.TO   is expected to show a rise in
quarterly revenue when it reports  results on August 10. 
    * The Mississauga Ontario-based  company is expected to
report  a
20.9% increase in revenue to C$1.292 billion from C$1.07 billion
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Russel Metals Inc
is for
earnings of C$1.46 per share. For the same quarter last year,
the company reported earnings of C$1.88 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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$38.5​, above​ its last closing price of C$27.99. ​​​
    * 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 2022  1.23        1.24       1.56      Beat    25.4
 Dec. 31 2022  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
 ​​Mar.        0.74        0.75       1.29      Beat    72
 31 2021                                                
 Dec. 31 2020  0.23        0.22       0.23      Beat    6.2​
 Sep. 30 2020  0.15        0.15       0.29      Beat    91.2
 Jun. 30 2020  0.06        0.03       0.07      Beat    133.3
 This summary was machine generated August 8 at 22:02 GMT.  All
figures in Canadian dollars  unless otherwise stated