Radius Recycling Anticipates Q2 Adjusted EPS From Continuing Operations Of $(1.05)-$(1.10), Est $(0.38)
Portfolio Pulse from Benzinga Newsdesk
Radius Recycling forecasts a Q2 adjusted EPS from continuing operations between $(1.05) and $(1.10), significantly below the estimated $(0.38). The company expects a net loss of approximately $(35) million, with a loss per share from continuing operations ranging from $(1.19) to $(1.24), and an adjusted EBITDA of about $2 million.
March 14, 2024 | 8:46 pm
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Radius Recycling anticipates a significant drop in Q2 adjusted EPS from continuing operations, with a net loss of $(35) million and an adjusted EBITDA of $2 million.
The anticipated adjusted EPS from continuing operations is significantly lower than the estimated $(0.38), indicating a substantial negative deviation from expectations. This, combined with a considerable net loss, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100