Ryerson Anticipates Q4 Net Sales Of $1.00B - $1.04B (Est $1.053B), With Average Selling Prices Between Decreasing 1% To Increasing 1%
Portfolio Pulse from Benzinga Newsdesk
Ryerson projects Q4 net sales between $1.00B and $1.04B, slightly below the estimated $1.053B. The company expects average selling prices to fluctuate between a 1% decrease and a 1% increase.
October 29, 2024 | 8:37 pm
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NEGATIVE IMPACT
Ryerson's Q4 sales forecast of $1.00B-$1.04B is slightly below the expected $1.053B, with average selling prices expected to vary between a 1% decrease and a 1% increase.
The forecasted sales range is below the market estimate, which may lead to a negative short-term impact on the stock price. The uncertainty in average selling prices adds to the potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100