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.
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The article It's Showtime for Schnitzer Steel Industries originally appeared on Fool.com.
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