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

Russel Metals

09/02/2024 24:10

* Russel Metals Inc  RUS.TO  reported quarterly adjusted
earnings
of 78 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 93 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 71 cents per share. Wall Street
expected results to range from 60 cents to 80 cents per share.
    * Revenue fell 7.3% to C$1.02 billion from a year ago;
analysts
expected C$1.03 billion. 
    * Russel Metals Inc's reported EPS for the quarter was 78
cents​.
    * The company reported quarterly net income of C$47.2
million.
    * Russel Metals Inc shares had risen by 0.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the iron & steel
peer
group is  "hold."

Wall Street's median 12-month price target for Russel Metals Inc
is C$47.50 
This summary was machine generated from LSEG data February 9 at
12:10 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.71           0.78           Beat
 Sep. 30 2023      0.93           0.82           Missed
 Jun. 30 2023      1.18           1.37           Beat
 Mar. 31 2023      0.94           1.19           Beat