Reliance Steel & Aluminum Q2 EPS $6.49 Misses $6.55 Estimate, Sales $3.88B Miss $3.98B Estimate
Portfolio Pulse from Happy Mohamed
Reliance Steel & Aluminum (NYSE:RS) reported Q2 earnings of $6.49 per share, missing the analyst consensus estimate of $6.55 by 0.92 percent. This is a 29.07 percent decrease from the same period last year. The company also reported quarterly sales of $3.88 billion, missing the analyst consensus estimate of $3.98 billion by 2.51 percent, a 17.11 percent decrease from the same period last year.
July 27, 2023 | 2:49 pm
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NEGATIVE IMPACT
Reliance Steel & Aluminum's Q2 earnings and sales missed estimates, marking a decrease from the same period last year.
Reliance Steel & Aluminum's earnings and sales for Q2 missed analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100