Radius Recycling Inc reports results for the quarter ended in August 31 - Earnings Summary

Reuters
25 Oct 2024

* Radius Recycling Inc reported a quarterly adjusted loss of 41 cents​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of two analysts for the quarter was for a loss of 59 cents per share. Wall Street expected results to range from -79 cents to -40 cents per share.

* Revenue rose 7.4% to $770.82 million from a year ago; analysts expected $688.95 million.

* Radius Recycling Inc's reported EPS for the quarter was a loss of 56 cents​.

* The company reported a quarterly loss of $16.08 million.

* Radius Recycling Inc shares had fallen by 10.2% this quarter and lost 44.8% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the iron & steel peer group is also "hold"

This summary was machine generated from LSEG data October 24 at 04:03 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Aug. 31 2024 -0.59 -0.41 Beat

May. 31 2024 -0.66 -0.59 Beat

Feb. 29 2024 -1.09 -1.04 Beat

Nov. 30 2023 -0.70 -0.64 Beat

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