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Reliance Steel's (RS) Q4 Earnings & Sales Beat Estimates
Reliance Steel & Aluminum Co. Price and EPS Surprise
Reliance Steel & Aluminum Co. Price and EPS Surprise | Reliance Steel & Aluminum Co. Quote
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Reliance Steel for the fourth quarter has been going up over the last month. Reliance Steel has beaten the Zacks Consensus Estimate in all the trailing four quarters with an average beat of 7.2%.
Key Stats/Developments to Note
Reliance Steel expects tons sold will be up 6% to 8% in the first quarter of 2018 on a sequential comparison basis. Average selling prices are projected to be up 4% to 6% in the first quarter compared with the fourth quarter. Additionally, the company expects earnings per share to be in the band of $1.90 to $2.00 for the first quarter.
Zacks Rank
Reliance Steel currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Reliance Steel’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Reliance Steel’s earnings report!
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