Ryerson Holding Corporation (NYSE:RYI) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RYI to report 3Q20 loss of $ 0.14 per share.
For the full year, analysts anticipate top line of $ 3407.30 million, while looking forward to loss of $ 0.28 per share bottom line.
Previous Quarter Performance
Ryerson Holding Corporation posted loss for the second quarter of $ 0.64 per share, from the revenue of $ 771.80 million. Street analysts expected Ryerson Holding Corporation to report loss of $ 0.12 per share on revenue of $ 745.40 million for the second quarter. The bottom line results missed street analysts by $ 0.52 or 433.33 percent, at the same time, top line results outshined analysts by $ 26.40 million or 3.54 percent.
Stock Performance
Shares of Ryerson Holding Corporation traded low $ -0.06 or -0.83 percent on Tuesday, reaching $ 7.18 with volume of 82.30 thousand shares. Ryerson Holding Corporation has traded high as $ 7.37 and has cracked $ 7.09 on the downward trend
According to the previous trading day, closing price of $ 7.18, representing a 92.55 % increase from the 52 week low of $ 3.76 and a 42.26 % decrease over the 52 week high of $ 12.54.
The company has a market capital of $ 273.68 million and is part of the Industrials sector and Metal Fabrication industry.
Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in stainless steel, aluminum, carbon steel, and alloy steels, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubing. It also provides various value-added processing and fabrication services, such as bending, beveling, blanking, blasting, burning, cutting-to-length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, sawing, scribing, shearing, slitting, stamping, tapping, threading, welding, or other techniques to process materials.
