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Market Overview

Earnings Preview: Schnitzer Steel Indus

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On Wednesday, April 07, Schnitzer Steel Indus (NASDAQ:SCHN) will release its latest earnings report. Benzinga's outlook for Schnitzer Steel Indus is included in the following report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Schnitzer Steel Indus EPS will likely be near $0.99 while revenue will be around $597.10 million, according to analysts. In the same quarter last year, Schnitzer Steel Indus reported earnings per share of $0.31 on revenue of $439.48 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate, earnings would be up 219.35%. Revenue would be have grown 35.86% from the same quarter last year. Here is how the Schnitzer Steel Indus's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020
EPS Estimate 0.39 0.13 -0.12 0.24
EPS Actual 0.57 0.23 0.05 0.31
Revenue Estimate 437.65 M 412.60 M 368.60 M 432.02 M
Revenue Actual 492.11 M 464.59 M 403.00 M 439.48 M

eps graph

Stock Performance

Over the last 52-week period, shares are up 216.36%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Schnitzer Steel Indus is scheduled to hold the call at 11:30:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings