Ryerson Holding Corp reports results for the quarter ended in March - Earnings Summary

Ryerson Holding

01/05/2024 24:22

* Ryerson Holding Corp  RYI.N  reported a quarterly adjusted
loss
of 18 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of $1.27.  The mean expectation of two analysts for the quarter
was for earnings of 32 cents per share. Wall Street expected
results to range from 30 cents to 33 cents per share.
    * Revenue fell 11.9% to $1.24 billion from a year ago;
analysts
expected $1.22 billion. 
    * Ryerson Holding Corp's reported EPS for the quarter was a
loss
of 22 cents​.
    * The company reported a quarterly loss of $7.6 million.
    * Ryerson Holding Corp shares had fallen by 8.3% this
quarter and
lost 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 72.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the iron & steel
peer
group is also "hold"

Wall Street's median 12-month price target for Ryerson Holding
Corp is $33.00 
This summary was machine generated from LSEG data April 30 at
11:22 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.32           -0.18          Missed
 Dec. 31 2023      0.26           0.73           Beat
 Sep. 30 2023      0.37           1.00           Beat
 Jun. 30 2023      1.35           1.06           Missed