Russel Metals Inc reports results for the quarter ended in September 30 - Earnings Summary

Russel Metals

07/11/2024 05:00

* Russel Metals Inc  RUS.TO  reported quarterly adjusted
earnings
of 59 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 82 cents.  The mean expectation of six analysts for the
quarter was for earnings of 59 cents per share. Wall Street
expected results to range from 51 cents to 67 cents per share.
    * Revenue fell 1.8% to $1.09 billion from a year ago;
analysts
expected $1.08 billion. 
    * Russel Metals Inc's reported EPS for the quarter was 59
cents​.
    * The company reported quarterly net income of $34.5
million.
    * Russel Metals Inc shares had fallen by 3.1% this
quarter and
lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.6%
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 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "buy"

Wall Street's median 12-month price target for Russel Metals Inc
is C$46.50 
This summary was machine generated from LSEG data November 7 at
04:59 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
 Sep. 30 2024      0.59           0.59           Met
 Jun. 30 2024      0.83           0.84           Beat
 Mar. 31 2024      0.80           0.82           Beat
 Dec. 31 2023      0.71           0.78           Beat