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

Russel Metals

11/08/2023 04:23

* Russel Metals Inc  RUS.TO  reported quarterly adjusted
earnings
of C$1.37​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of C$1.18 per share.
    * Revenue fell 12.7% to C$1.19 billion from a year ago;
analysts
expected C$1.23 billion. 
    * Russel Metals Inc's reported EPS for the quarter was
C$1.37​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Russel Metals Inc shares had risen by 2.2% this
quarter and
gained 30.3% so far this year.
    * The company reported quarterly net income of C$85 million.
    * Wall Street's median 12-month price target for Russel
Metals Inc
is C$40.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 11 at 03:23 a.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.18           1.37           Beat
 Mar. 31 2023      0.94           1.19           Beat
 Dec. 31 2022      0.78           0.93           Beat
 Sep. 30 2022      1.18           1.45           Beat