Wall Street expects a year-over-year decline in earnings on higher revenues when Schnitzer Steel (SCHN) reports results for the quarter ended February 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 6. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This recycler of ferrous and nonferrous scrap metal is expected to post quarterly earnings of $1.38 per share in its upcoming report, which represents a year-over-year change of -8.6%.
Revenues are expected to be $781.15 million, up 30.2% from the year-ago quarter.
