Reliance Expects Q4 Adj EPS of $2.65 - $2.85 Vs $3.40 Est
Portfolio Pulse from Benzinga Newsdesk
Reliance Steel & Aluminum Co. (RS) has announced an expected Q4 adjusted EPS range of $2.65 to $2.85, which is below the analyst estimate of $3.40.
October 24, 2024 | 10:54 am
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Reliance Steel & Aluminum Co. (RS) has provided guidance for Q4 adjusted EPS between $2.65 and $2.85, which is below the analyst consensus estimate of $3.40. This could indicate potential challenges in meeting market expectations.
The guidance for Q4 adjusted EPS is significantly below the analyst estimate, suggesting that the company may face challenges in meeting market expectations. This discrepancy is likely to lead to negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
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