Schnitzer Steel Indus (NASDAQ:SCHN) reported its Q4 earnings results on Thursday, October 21, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Schnitzer Steel Indus beat their estimated earnings by 5.85%, which did not surprise analysts.

Revenue was up $381,021,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12, which was followed by a 0.55% increase in the share price the next day.

Here's a look at Schnitzer Steel Indus's past performance and the resulting price change:

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 their next quarter, expecting earnings between $1.75 and $1.83 per share for the nextquarter.

This represents a -1.1% in quarter-over-quarter growth for Schnitzer Steel Indus, a bearish signal to many investors.

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