Ryerson Holding Corp expected to post earnings of 21 cents a share - Earnings Preview

Ryerson Holding

26/07/2024 22:15

* Ryerson Holding Corp  RYI.N   RYI  is expected to show a
fall in
quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Chicago Illinois-based  company is expected to report
a
5.3% decrease in revenue to $1.273 billion from $1.34 billion a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on April 30 2024, for the
period ended June 30, was for revenue between $1.25 billion and
$1.29 billion.
    * ​LSEG's mean analyst estimate for Ryerson Holding Corp is
for
earnings of 21 cents per share. The company's EPS guidance on
April 30 2024, for the period ended June 30, was between $0.15
and $0.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ryerson
Holding
Corp is $28.00​, above​ its last closing price of $25.56. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD1.25 billion and USD53 million.
This summary was machine generated July 26 at 21:15 GMT.  All
figures in US 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)