Schnitzer Steel Q4 Adj EPS $0.47 Beats $0.31 Estimate, Sales $718.00M Miss $721.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Schnitzer Steel reported Q4 adjusted earnings of $0.47 per share, beating the analyst consensus estimate of $0.31 by 51.61%. However, the company's quarterly sales of $718.00 million missed the analyst consensus estimate of $721.30 million by 0.46%. This represents a 6% decrease in earnings and a 19.72% decrease in sales compared to the same period last year.
October 25, 2023 | 12:02 pm
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Schnitzer Steel's Q4 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Schnitzer Steel's earnings beat could boost investor confidence, but the sales miss and YoY decreases could create uncertainty. The net impact on the stock is unclear in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100