Ryerson Holding Q1 2024 Adj EPS $(0.18) Misses $0.32 Estimate, Sales $1.239B Beat $1.224B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryerson Holding (NYSE:RYI) reported Q1 2024 adjusted EPS of $(0.18), missing the $0.32 estimate, and sales of $1.239B, beating the $1.224B estimate. This represents a significant decrease in earnings and a slight decrease in sales compared to the same period last year.
April 30, 2024 | 9:35 pm
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Ryerson Holding reported a significant miss in Q1 2024 EPS and a slight beat in sales, indicating mixed financial health.
The significant miss in EPS compared to estimates and the year-over-year decrease in earnings suggest potential negative sentiment among investors, likely leading to a short-term decrease in stock price. The sales beat might not be sufficient to offset the negative impact of the earnings miss.
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