Saturday, October 27, 2012

Reliance Steel & Aluminum Beats Analyst Estimates on EPS

Reliance Steel & Aluminum (NYS: RS) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway For the quarter ended Sep. 30 (Q3), Reliance Steel & Aluminum missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased significantly.

Margins grew across the board.
Revenue details Reliance Steel & Aluminum chalked up revenue of $2.06 billion. The eight analysts polled by S&P Capital IQ predicted sales of $2.12 billion on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $2.14 billion.


Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details EPS came in at $1.30. The 12 earnings estimates compiled by S&P Capital IQ forecast $1.19 per share. GAAP EPS of $1.30 for Q3 were 15% higher than the prior-year quarter's $1.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details For the quarter, gross margin was 26.0%, 290 basis points better than the prior-year quarter. Operating margin was 7.4%, 80 basis points better than the prior-year quarter. Net margin was 4.8%, 80 basis points better than the prior-year quarter.
Looking ahead Next quarter's average estimate for revenue is $2.04 billion. On the bottom line, the average EPS estimate is $1.07.
Next year's average estimate for revenue is $8.66 billion. The average EPS estimate is $5.26.
Investor sentiment The stock has a four-star rating (out of five) at Motley Fool CAPS, with 548 members out of 572 rating the stock outperform, and 24 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 121 give Reliance Steel & Aluminum a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Reliance Steel & Aluminum is outperform, with an average price target of $61.92.

http://www.dailyfinance.com/2012/10/27/reliance-steel--aluminum-beats-analyst-estimates-/

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