Reliance Steel & Aluminum Earnings Preview
Investors hope Reliance Steel & Aluminum (NYS: RS) will top analyst estimates once again after beating predictions by $0.02 in the previous quarter. The company will unveil its latest earnings on Thursday, Feb. 16. Reliance Steel & Aluminum provides metals processing services. It distributes a line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, and titanium.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on this stock. Only one rates it as a sell, while seven recommend it as a buy. Analysts like Reliance Steel & Aluminum better than competitor Worthington Industries overall. While analysts still rate the stock a moderate buy, they are a little more optimistic about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $1.95 billion in revenue this quarter. That would represent a rise of 23.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.78 per share. Estimates range from $0.75 to $0.82.
What our community says:
CAPS All-Stars are solidly supporting the stock, with 95.8% giving it an outperform rating. The community at large backs the All-Stars, with 95.8% granting it a rating of outperform. Fools feel positively about Reliance Steel & Aluminum and haven't been shy with their opinions lately, logging 172 posts in the past 30 days. Even with a robust four out of five stars, Reliance Steel & Aluminum's CAPS rating falls a little short of the community's upbeat outlook.
Reliance Steel & Aluminum's profit has risen year over year by an average of 46.1% over the past five quarters.
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At the time this article was published
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