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

Russel Metals

02/05/2024 20:06

* Russel Metals Inc  RUS.TO  reported quarterly adjusted
earnings
of 82 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of C$1.19.  The mean expectation of eight analysts for the
quarter was for earnings of 80 cents per share. Wall Street
expected results to range from 75 cents to 82 cents per share.
    * Revenue fell 10.6% to C$1.06 billion from a year ago;
analysts
expected C$1.12 billion. 
    * Russel Metals Inc's reported EPS for the quarter was 82
cents​.
    * The company reported quarterly net income of C$49.7
million.
    * Russel Metals Inc shares had fallen by 15.3% this
quarter and
lost 15.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.4%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

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$48.00 
This summary was machine generated from LSEG data May 2 at 07:05
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      0.80           0.82           Beat
 Dec. 31 2023      0.71           0.78           Beat
 Sep. 30 2023      0.93           0.82           Missed
 Jun. 30 2023      1.18           1.37           Beat