We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Olympic Steel (ZEUS) Stock Moves -0.58%: What You Should Know
Read MoreHide Full Article
Olympic Steel (ZEUS - Free Report) closed at $29.05 in the latest trading session, marking a -0.58% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.72%.
Coming into today, shares of the steel maker had lost 4.29% in the past month. In that same time, the Basic Materials sector gained 11.19%, while the S&P 500 gained 6.13%.
ZEUS will be looking to display strength as it nears its next earnings release, which is expected to be May 7, 2021. The company is expected to report EPS of $1.30, up 6400% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $447.2 million, up 26.19% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.62 per share and revenue of $1.78 billion, which would represent changes of +808.11% and +44.29%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ZEUS. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ZEUS is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, ZEUS is holding a Forward P/E ratio of 11.17. This valuation marks a premium compared to its industry's average Forward P/E of 7.79.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Olympic Steel (ZEUS) Stock Moves -0.58%: What You Should Know
Olympic Steel (ZEUS - Free Report) closed at $29.05 in the latest trading session, marking a -0.58% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.72%.
Coming into today, shares of the steel maker had lost 4.29% in the past month. In that same time, the Basic Materials sector gained 11.19%, while the S&P 500 gained 6.13%.
ZEUS will be looking to display strength as it nears its next earnings release, which is expected to be May 7, 2021. The company is expected to report EPS of $1.30, up 6400% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $447.2 million, up 26.19% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.62 per share and revenue of $1.78 billion, which would represent changes of +808.11% and +44.29%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ZEUS. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ZEUS is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, ZEUS is holding a Forward P/E ratio of 11.17. This valuation marks a premium compared to its industry's average Forward P/E of 7.79.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.