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Schnitzer Steel Indus (NASDAQ:SCHN) reported its Q2 earnings results on Wednesday, April 6, 2022 at 08:00 AM.
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Here's what investors need to know about the announcement.
Earnings
Schnitzer Steel Indus reported in-line EPS of $1.38 versus an estimate of $1.38.
Revenue was up $183.09 million from the same period last year.
Past Earnings Performance
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Last quarter the company missed on EPS by $0.18 which was followed by a 5.77% increase in the share price the next day.
Here's a look at Schnitzer Steel Indus's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.76 | 1.71 | 2.08 | 0.99 |
| EPS Actual | 1.58 | 1.81 | 2.20 | 1.51 |
| Revenue Estimate | 857.06M | 782.07M | 807.75M | 597.10M |
| Revenue Actual | 798.12M | 845.62M | 820.72M | 600.11M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Schnitzer Steel Indus management provided guidance for Q2 2022, expecting earnings between $1.33 and $1.38 per share.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.