Recap: Olympic Steel Q1 Earnings - Olympic Steel (NASDAQ:ZEUS)

Olympic Steel ZEUS reported its Q1 earnings results on Thursday, May 4, 2023 at 04:30 PM.

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

Olympic Steel beat estimated earnings by 61.97%, reporting an EPS of $1.15 versus an estimate of $0.71.

Revenue was down $123.26 million from the same period last year.

Last quarter the company beat on EPS by $0.07 which was followed by a 1.33% increase in the share price the next day.

Here's a look at Olympic Steel's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.21	0.93	2.72	2.16
EPS Actual	0.28	1.14	3.26	3.10
Revenue Estimate	568.63M	651.47M	653.94M	544.55M
Revenue Actual	520.04M	634.44M	709.18M	696.33M

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

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