Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) manufacturer of finished steel products, is reporting fourth quarter earnings results on Thursday 22nd October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.13 per share.
For the full year, analysts predict revenues of $ 1724.20 million, while looking forward to income of $ 0.39 per share.
Previous Quarter Performance
Schnitzer Steel Industries, Inc. unfold income for the third quarter of $ 0.05 per share, from the revenue of $ 403.00 million. The quarterly earnings 92.06 percent while revenues reduced 26.38 percent compared with the same quarter last year.
According to street consensus, SCHN was expected to report 3Q20 loss of $ 0.12 per share from revenue of $ 368.60 million. The bottom line results beat street analysts by $ 0.17 or 141.67 percent, at the same time, top line results outshined analysts by $ 34.40 million or 9.33 percent.
Stock Performance
Shares of Schnitzer Steel Industries, Inc. traded up $ 0.39 or 1.81 percent on Wednesday, reaching $ 21.88 with volume of 142.40 thousand shares. The stock opened positive for the day at $ 21.50, after closing the previous day trading at $ 21.49.
According to the previous trading day, closing price of $ 21.49, representing a 112.98 % increase from the 52 week low of $ 10.09 and a 6.44 % decrease over the 52 week high of $ 22.97.
The company has a market capital of $ 592.94 million and is part of the Basic Materials sector and Steel industry.
Conference Call
Schnitzer Steel Industries, Inc. will be hosting a conference call at 11:30 AM eastern time on 22nd October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.schnitzersteel.com
Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates through two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS).
