Can Schnitzer Steel Industries Beat These Numbers?
Schnitzer Steel Industries (NAS: SCHN) is expected to report Q3 earnings on June 28. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Schnitzer Steel Industries' revenues will drop -9.6% and EPS will wane -72.6%.
The average estimate for revenue is $886.7 million. On the bottom line, the average EPS estimate is $0.32.
Revenue details
Last quarter, Schnitzer Steel Industries tallied revenue of $886.6 million. GAAP reported sales were 23% higher than the prior-year quarter's $721.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.35. GAAP EPS of $0.35 for Q2 were 68% lower than the prior-year quarter's $1.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 7.8%, 450 basis points worse than the prior-year quarter. Operating margin was 1.9%, 430 basis points worse than the prior-year quarter. Net margin was 1.1%, 320 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $3.47 billion. The average EPS estimate is $1.38.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 361 members out of 380 rating the stock outperform, and 19 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Schnitzer Steel Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schnitzer Steel Industries is hold, with an average price target of $51.33.
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The article Can Schnitzer Steel Industries Beat These Numbers? originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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