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

Russel Metals

01/08/2024 24:51

* Russel Metals Inc  RUS.TO  reported quarterly adjusted
earnings
of 84 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of C$1.37.  The mean expectation of six analysts for the quarter
was for earnings of 83 cents per share. Wall Street expected
results to range from 78 cents to 87 cents per share.
    * Revenue fell 9.9% to C$1.07 billion from a year ago;
analysts
expected C$1.08 billion. 
    * Russel Metals Inc's reported EPS for the quarter was 84
cents​.
    * The company reported quarterly net income of C$49.9
million.
    * Russel Metals Inc shares had risen by 7.1% this
quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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$46.50 
This summary was machine generated from LSEG data July 31 at
11:51 p.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
 Mar. 31 2024      0.83           0.84           Beat
 Mar. 31 2024      0.80           0.82           Beat
 Dec. 31 2023      0.71           0.78           Beat
 Sep. 30 2023      0.93           0.82           Missed