Ryerson Holding Corp reports results for the quarter ended in September 30 - Earnings Summary

Ryerson Holding

30/10/2024 02:52

* Ryerson Holding Corp  RYI.N  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $1.00.  The mean expectation of two analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from 4 cents to 8 cents per share.
    * Revenue fell 9.6% to $1.13 billion from a year ago;
analysts
expected $1.12 billion. 
    * Ryerson Holding Corp's reported EPS for the quarter was a
loss
of 20 cents​.
    * The company reported a quarterly loss of $6.6 million.
    * Ryerson Holding Corp shares had risen by 13.6% this
quarter and
lost 34.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 47.8%
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 $24.00 
This summary was machine generated from LSEG data October 30 at
02:52 a.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
 Sep. 30 2024      0.06           -0.20          Missed
 Jun. 30 2024      0.21           0.33           Beat
 Mar. 31 2024      0.26           -0.18          Missed
 Dec. 31 2023      0.26           0.73           Beat