Olympic Steel Q3 2023 Adj EPS $0.68 Misses $0.85 Estimate, Sales $526.41M Miss $555.73M Estimate
Portfolio Pulse from totan@benzinga.com
Olympic Steel (NASDAQ:ZEUS) reported Q3 2023 earnings of $0.68 per share, missing the analyst consensus estimate of $0.85 by 20%. This is a 40.35% decrease from the same period last year. The company also reported quarterly sales of $526.41 million, missing the analyst consensus estimate of $555.73 million by 5.28%. This is a 17.03% decrease from the same period last year.
November 02, 2023 | 9:04 pm
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Olympic Steel's Q3 2023 earnings and sales missed estimates, marking a significant decrease from the same period last year.
Olympic Steel's earnings and sales for Q3 2023 missed analyst estimates, and also marked a significant decrease from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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