Reliance Steel (RS) to Post Q1 Earnings: What's in the Cards
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Update time : 2022-04-26 21:20:35
Reliance Steel & Aluminum Co. RS is scheduled to come up with its first-quarter 2022 results before the opening bell on Apr 28. Benefits of strong demand across key end-use markets, acquisitions and higher year over year prices are expected to reflect on its first-quarter results.
The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 12.3%. It delivered an earnings surprise of roughly 32.1% in the last reported quarter.
Shares of Reliance Steel are up 19% over a year compared with the industry’s rise of 32.1%.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
