Russel Metals Inc reports results for the quarter ended March 31 - Earnings Summary

• Russel Metals Inc RUS.TO reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of six analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 52 cents to 61 cents per share.

• Revenue rose 10.6% to C$1.17 billion from a year ago; analysts expected C$1.14 billion.

• Russel Metals Inc's reported EPS for the quarter was 75 cents​.

• The company reported quarterly net income of C$43 million.

• Russel Metals Inc shares had risen by 3.9% this quarter and lost 3.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy"

• Wall Street's median 12-month price target for Russel Metals Inc is C$53.00

This summary was machine generated from LSEG data May 6 at 11:26 p.m. UTC. ​All figures in Canadian 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)