On Thursday 24th October 2024, Reliance (NYSE: RS) will be releasing its third quarter financial results. This much awaited announcement will be made before market open.
It appears that the company is on the verge of revealing their estimated $3.66 profit per share for the quarter, as well as their total revenue of $3.38 billion for this specific period, according to financial experts on Wall Street.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $13.88 billion. Additionally, they are expecting the company to report profit of $17.04 per share for the fiscal year 2024.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $5. This numbers can be credited to the company's total revenue, which amounted to an impressive $3.62 billion during the same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $4.65 | -28.4% | 3.64 B | -6.1% |
| Q1 2024 | $5.30 | -16.8% | 3.65 B | -8.1% |
| Q4 2023 | $4.73 | -19.4% | 3.34 B | -7.6% |
| Q3 2023 | $5.00 | -22.8% | 3.62 B | -14.7% |
| Q2 2023 | $6.49 | -29.1% | 3.88 B | -17.1% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 24th October 2024 at 11:00 AM eastern time to discuss Q3 financial results.
Reliance (RS) experienced a trading range of $285.42 to $296.18, along with a total volume of 337.40 thousand shares during the day. The stock concluded Tuesday's regular trading session at $287.19, indicating decrease of 3.08 percent.
