Schnitzer Steel Industries: Q1 Earnings Insights

Schnitzer Steel Industries (NASDAQ:SCHN) reported its Q1 earnings results on Thursday, January 6, 2022 at 08:00 AM.

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

Schnitzer Steel Indus missed estimated earnings by 10.23%, reporting an EPS of $1.58 versus an estimate of $1.76, which surprised analysts.

Revenue was up $306.01 million from the same period last year.

Last quarter the company beat on EPS by $0.1, which was followed by a 4.07% increase in the share price the next day.

Here's a look at Schnitzer Steel Indus's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.71	2.08	0.99	0.39
EPS Actual	1.81	2.20	1.51	0.57
Revenue Estimate	782.07M	807.75M	597.10M	437.65M
Revenue Actual	845.62M	820.72M	600.11M	492.11M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.