Olympic Steel Inc reports results for the quarter ended December 31 - Earnings Summary

• Olympic Steel Inc ZEUS.OQ reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of three analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 6 cents to 13 cents per share.

• Revenue fell 14.4% to $418.78 million from a year ago; analysts expected $449.58 million.

• Olympic Steel Inc's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $3.89 million.

• Olympic Steel Inc shares had risen by 9.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the iron & steel peer group is "buy."

Wall Street's median 12-month price target for Olympic Steel Inc is $47.75

This summary was machine generated from LSEG data February 21 at 12:31 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)