A Preview Of Schnitzer Steel's Earnings
Portfolio Pulse from Benzinga Insights
Schnitzer Steel (NASDAQ:RDUS) is expected to release its quarterly earnings report on Thursday, 2024-01-04, with analysts estimating an EPS of $-0.70. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has shown mixed reactions to past earnings performances. Shares are currently trading at $30.37, with a 1.17% decline over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
January 03, 2024 | 2:00 pm
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Schnitzer Steel is anticipated to report a quarterly EPS of $-0.70. Past earnings have led to mixed stock price reactions. Shares have declined over the past year, suggesting a bearish outlook.
The estimated EPS of $-0.70 sets a cautious tone, but an earnings beat and positive guidance could positively influence the stock price. Historical data shows that the company's stock price does not always correlate directly with earnings performance, and the current bearish sentiment may limit the upside potential. The confidence level is not at the maximum due to the unpredictable nature of market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100