Olympic Steel's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Olympic Steel (NASDAQ:ZEUS) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $0.30. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting accordingly. Shares are currently trading at $69.47, up 50.51% over the last 52 weeks. Investors are looking for not just an earnings beat but also positive guidance for future growth.
February 21, 2024 | 4:02 pm
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Olympic Steel is expected to report an EPS of $0.30 for the upcoming quarter. Historical performance shows sensitivity to earnings reports and guidance, with a significant 50.51% increase in share price over the last year.
Given Olympic Steel's history of stock price sensitivity to earnings reports and guidance, the upcoming earnings announcement is crucial. The expected EPS of $0.30, alongside historical performance, suggests a potential positive impact on the stock price, especially if the company beats the estimate and provides positive future guidance. The 50.51% increase in share price over the last year indicates strong investor confidence, which could be further bolstered by a favorable earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100