Russel Metals Inc reports results for the quarter ended in December - Earnings Summary

Russel Metals

09/02/2023 23:55

* Russel Metals Inc  RUS.TO  reported quarterly adjusted
earnings
of 93 cents​​ per share for the quarter ended in December. The
mean expectation of five analysts for the quarter was
for earnings of 78 cents per share.
    * Revenue fell 4.1% to C$1.10 billion from a year ago;
analysts
expected C$1.11 billion. 
    * Russel Metals Inc's reported EPS for the quarter was 93
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Russel Metals Inc shares had risen by 11.7% this quarter.
    * The company reported quarterly net income of C$57.9
million.
    * Wall Street's median 12-month price target for Russel
Metals Inc
is C$36.75 
    * 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." 

This summary was machine generated from Refinitiv data February
9 at 11:55 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.78           0.93           Beat
 Sep. 30 2022      1.18           1.45           Beat
 Jun. 30 2022      1.46           1.96           Beat
 Mar. 31 2022      1.24           1.56           Beat