Radius Recycling Q4 2024 Adj EPS $(0.41) Beats $(0.59) Estimate, Sales $771.00M Beat $688.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Schnitzer Steel reported Q4 2024 adjusted EPS of $(0.41), beating the $(0.59) estimate, and sales of $771M, surpassing the $688.95M estimate. Despite a significant year-over-year EPS decrease, sales increased by 7.38%.
October 24, 2024 | 12:02 pm
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POSITIVE IMPACT
Schnitzer Steel's Q4 2024 results exceeded expectations with an EPS of $(0.41) against the $(0.59) estimate and sales of $771M versus the $688.95M estimate. Despite a significant drop in EPS from the previous year, sales showed a positive growth of 7.38%.
The better-than-expected EPS and sales figures are likely to have a positive short-term impact on Schnitzer Steel's stock price. The significant beat on both earnings and revenue estimates suggests strong operational performance, which is typically viewed favorably by investors. However, the large year-over-year EPS decrease may temper some of the positive sentiment.
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