Reliance Steel & Aluminum Expects Q1 Adj. EPS Of $5.30 To $5.50 Vs. $5.21 Est.
Portfolio Pulse from Benzinga Newsdesk
Reliance Steel & Aluminum anticipates its Q1 adjusted EPS to be between $5.30 and $5.50, surpassing the estimated $5.21.
February 15, 2024 | 12:00 pm
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Reliance Steel & Aluminum expects its Q1 adjusted EPS to exceed analysts' expectations, indicating a potential positive impact on its stock price.
The company's forecasted EPS for Q1 is higher than the analysts' estimates, which typically leads to a positive reaction in the stock market as it indicates better-than-expected financial health and profitability.
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