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

Russel Metals

09/05/2023 18:37

* Russel Metals Inc  RUS.TO  reported quarterly adjusted
earnings
of C$1.19​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
94 cents per share.
    * Revenue fell 11.3% to C$1.19 billion from a year ago;
analysts
expected C$1.18 billion. 
    * Russel Metals Inc's reported EPS for the quarter was
C$1.19​.
    * The mean earnings estimate of analysts had risen by
about 24.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Russel Metals Inc shares had fallen by 1.0% this
quarter and
gained 18.1% so far this year.
    * The company reported quarterly net income of C$73.9
million.
    * Wall Street's median 12-month price target for Russel
Metals Inc
is C$38.00 
    * 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 LSEG Refinitiv data May
9 at 05:37 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.94           1.19           Beat
 Dec. 31 2022      0.78           0.93           Beat
 Sep. 30 2022      1.18           1.45           Beat
 Jun. 30 2022      1.46           1.96           Beat