Olympic Steel Q4 2023 Adj EPS $0.36 Beats $0.30 Estimate, Sales $489.41M Miss $502.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Olympic Steel (NASDAQ:ZEUS) reported Q4 2023 adjusted EPS of $0.36, surpassing the $0.30 estimate, but its sales of $489.41M fell short of the $502.27M estimate, marking a 5.89% decrease from the previous year.
February 22, 2024 | 9:45 pm
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Olympic Steel reported a Q4 2023 adjusted EPS of $0.36, beating estimates, but sales of $489.41M missed expectations and showed a 5.89% YOY decrease.
While Olympic Steel's EPS beat may positively impact investor sentiment, the miss on sales and the year-over-year decrease could temper any potential stock price gains. The mixed results present a neutral outlook in the short term.
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IMPORTANCE 90
RELEVANCE 100