Schnitzer Steel: Q4 Earnings Insights

Schnitzer Steel Indus SCHN reported its Q4 earnings results on Monday, October 24, 2022 at 08:00 AM.

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

Earnings

Schnitzer Steel Indus missed estimated earnings by 13.79%, reporting an EPS of $0.5 versus an estimate of $0.58.

Revenue was up $48.80 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.29 which was followed by a 4.17% drop in the share price the next day.

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

 

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 2.30 1.38 1.76 1.71
EPS Actual 2.59 1.38 1.58 1.81
Revenue Estimate 919.09M 779.39M 857.06M 782.07M
Revenue Actual 1.01B 783.20M 798.12M 845.62M

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 FY 2022, expecting earnings between $6.0 and $6.05 per share.

To track all earnings releases for Schnitzer Steel Indus visit their earnings calendar here.

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

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