Earnings Preview For Reliance Steel & Aluminum
Portfolio Pulse from Benzinga Insights
Reliance Steel & Aluminum (NYSE:RS) is scheduled to release its quarterly earnings report on February 15, 2024, with an expected EPS of $3.92. Analysts and investors are particularly interested in the company's guidance for future growth. Historical data shows mixed reactions to past earnings reports, with the stock price fluctuating based on actual EPS outcomes compared to estimates. The company's stock has seen a 19.15% increase over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
February 14, 2024 | 6:01 pm
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Reliance Steel & Aluminum is expected to report an EPS of $3.92 for the latest quarter. Historical performance shows stock price reactions to earnings outcomes and guidance. The stock has gained 19.15% over the past year, indicating positive investor sentiment.
Given the expected EPS and the historical performance of Reliance Steel & Aluminum's stock following earnings announcements, there is a cautiously optimistic outlook for the short term. The emphasis on future guidance by analysts suggests that positive forecasts could lead to an uptick in stock price, especially considering the stock's positive trajectory over the past year.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100