It's Showtime for Schnitzer Steel Industries
Schnitzer Steel Industries (NAS: SCHN) is expected to report Q4 earnings on Oct. 25. 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's revenues will shrink -33.8% and EPS will wane -99.2%.
The average estimate for revenue is $715.3 million. On the bottom line, the average EPS estimate is $0.01.
Last quarter, Schnitzer Steel Industries reported revenue of $879.9 million. GAAP reported sales were 10% lower than the prior-year quarter's $981.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.40. GAAP EPS of $0.40 for Q3 were 66% lower than the prior-year quarter's $1.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 8.2%, 310 basis points worse than the prior-year quarter. Operating margin was 2.5%, 300 basis points worse than the prior-year quarter. Net margin was 1.3%, 210 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.31 billion. The average EPS estimate is $1.00.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 357 members out of 378 rating the stock outperform, and 21 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Schnitzer Steel Industries a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schnitzer Steel Industries is underperform, with an average price target of $40.22.
Worried about inflation? Interested in gold? Find out the best way to profit in both scenarios a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
- Add Schnitzer Steel Industries to My Watchlist.
The article It's Showtime for Schnitzer Steel Industries 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. The Motley Fool has no positions in the stocks mentioned above. 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.