Reliance Inc.'s Earnings Lag Estimates in Q3, Revenues Beat [Yahoo! Finance]
Reliance, Inc. (RS)
Last reliance, inc. earnings: 4/23 06:50 am
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Source: Yahoo! Finance
Barring one-time items, RS recorded earnings of $3.64 per share, down from $5.00 a year ago. It lagged the Zacks Consensus Estimate of $3.69. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The company recorded net sales of $3,420.3 million, down around 6% year over year. The top line beat the Zacks Consensus Estimate of $3,409.3 million. RS benefited from higher shipments amid headwinds from weaker metals pricing in the quarter. Reliance, Inc. price-consensus-eps-surprise-chart | Reliance, Inc. Quote Reliance reported a roughly 7% year-over-year increase in shipments (thousand tons sold) to 1,521.4. The figure beat our estimate of 1,494.6. The average selling price per ton dropped 12% year over year to $2,246. It was lower than our estimate of $2,289. Demand in non-residential construction, including infrastructure, Reliance's largest end market, saw an improvement from third-quarter 2023. Reliance continues to support new construction projects acros
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News
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- Institutional owners may ignore Reliance, Inc.'s (NYSE:RS) recent US$551m market cap decline as longer-term profits stay in the green [Yahoo! Finance]Yahoo! Finance
- Reliance, Inc. Announces Participation at the Baird 2024 Global Industrial ConferenceGlobeNewswire
- Reliance, Inc. (NYSE: RS) had its price target lowered by analysts at BMO Capital Markets from $340.00 to $330.00. They now have an "outperform" rating on the stock.MarketBeat
- Reliance, Inc. (RS) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
RS
Earnings
- 10/24/24 - Miss
RS
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form 4
- 11/7/24 - Form 4
- RS's page on the SEC website