Olympic Steel Inc reports results for the quarter ended June 30 - Earnings Summary

• Olympic Steel Inc ZEUS.OQ reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 66 cents. The mean expectation of three analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 35 cents to 43 cents per share.

• Revenue fell 5.7% to $496.48 million from a year ago; analysts expected $491.13 million.

• Olympic Steel Inc's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $5.24 million.

• Olympic Steel Inc shares had fallen by 1.5% this quarter and lost 2.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 50.6% 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 $40.00, about 22.2% above its last closing price of $31.10

This summary was machine generated from LSEG data July 31 at 10:29 p.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)