Radius Recycling Stock (NASDAQ:RDUS), Trade Ideas

Radius Recycling

Schnitzer Steel

Schnitzer Steel Indus

Radius Health

Radius Recycling Inc is a North American Based company which is involved in recycling of ferrous and nonferrous metal, including end-of-life vehicles, and a manufacturer of finished steel products. As a vertically integrated organization, it offers a range of products and services to meet global demand through our network that includes fifty retail self-service auto parts stores, fifty four metals recycling facilities, and an electric arc furnace steel mill.

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Recycling companies face challenges, American Battery receives $40.5M grant, Nexa Resources prices $600M offering, investors bearish on Newmont, Vale target lowered.

Radius Recycling Reports Q2 Results; American Battery Awarded Another $40.5 Million; Nexa Prices $600 Million Offering And More: Thursday&#39;s Top Mining Stories

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Radius Recycling shares are trading lower after it reported second-quarter (Q2) financial results for 2024.

Why Radius Recycling Shares Are Trading Lower Today

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Top Stories for March 15, 2024: 1. Cleveland-Cliffs CEO considering lower bid for U.S. Steel backed by union, while Tredegar Corporation reports financial losses in fourth quarter. 2. Radius Recycling shares preliminary results for fiscal second quarter of 2024.

Cleveland-Cliffs Considers Bid For US Steel; Tredegar And Radius Recycling Report Financial Results And More: Friday&#39;s Top Mining Stories

Radius Recycling, Inc. - Class A Common Stock

Radius Recycling Inc

Top Stories for April 4, 2024:
<ol>
<li>Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported a fiscal second-quarter loss of $34 million (per-share loss of $1.19), adjusted EBITDA of $3 million and per-share loss of $1.04 <a href="https://www.benzinga.com/news/earnings/24/04/38088715/schnitzer-steel-q2-adj-1-04-beats-1-09-estimate-sales-621-06m-miss-626-15m-estimate">from continuing operations</a>. </li>
</ol>
The company faced challenges in the quarter due to tight recycled metal supplies, adverse weather and low U.S. manufacturing activity.&nbsp;
Ferrous sales dropped 15% quarter-over-quarter, nonferrous sales fell 3% but grew 7% year-over-year and finished steel sales rose 5% year-over-year but fell 11% quarter-over-quarter.&nbsp;
The company initiated a plan to cut SG&amp;A by 10% and improve production efficiency, aiming for $40 million in annual benefits and adding to a prior $30 million benefits plan.
<ol start="2">
<li>American Battery Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) was granted an additional $40.5 million through the 48C program for a new battery recycling facility in the U.S., adding to an initial $20 million tax credit for a Nevada project.&nbsp;</li>
</ol>
This award comes from a competitive process by the U.S. Department of Energy to support the company's efforts in low-cost, environmentally friendly lithium-ion battery recycling and the production of recycled battery materials.&nbsp;
CEO Ryan Melsert mentioned extensive engagement with major automotive and battery manufacturers and plans for this new facility to increase domestic critical battery mineral manufacturing, leveraging the new government-supported investment.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/markets/commodities/24/04/38079319/gold-fields-celebrates-first-gold-pour-at-salares-norte-boosts-chilean-production-outlook">Gold Fields Celebrates First Gold Pour At Salares Norte, Boosts Chilean Production Outlook</a>
<ol start="3">
<li>Nexa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEXA#NYSE">NEXA</a>) priced a $600-million offering of 6.75% senior unsecured notes guaranteed by two subsidiaries due in 2034, aiming for an April 9, 2024, closing. </li>
</ol>
The proceeds are mainly intended to fund a cash tender offer for existing notes due in 2027 and 2028, with any remainder for general corporate purposes.&nbsp;
The sale is targeting qualified institutional buyers and non-U.S. persons.
<ol start="4">
<li>Large investors are showing a predominantly bearish stance on Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), as revealed by Benzinga&#8217;s tracking of public options activities, which detected unusual activity of nine notable transactions.&nbsp;</li>
</ol>
The sentiment among these investors is mixed, with 44% bullish and 55% bearish. The trading involved two puts worth $250,920 and seven calls valued at $805,535, suggesting an expected price range for Newmont of $30 to $42.50 in the coming three months.
<ol start="5">
<li>Deutsche Bank analyst Liam Fitzpatrick maintained Vale S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) with a Hold and lowered his <a href="https://www.benzinga.com/quote/VALE/analyst-ratings">price target</a> from $18 to $16.</li>
</ol>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/asia/24/04/38090219/will-copper-reach-10-000-an-essential-metal-that-faces-an-uncertain-future">Will Copper Reach $10,000? &#8216;An Essential Metal That Faces An Uncertain Future&#8217;</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
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Radius Recycling Reports Q2 Results; American Battery Awarded Another $40.5 Million; Nexa Prices $600 Million Offering And More: Thursday's Top Mining Stories

Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) shares are trading lower after it reported <a href="https://www.benzinga.com/pressreleases/24/04/g38088365/radius-recycling-reports-second-quarter-fiscal-2024-financial-results" target="_blank" rel="noreferrer noopener">second-quarter (Q2) financial results for 2024</a>.
Revenue stood at $621.06 million, beating the consensus of $626.15 million.
Gross margin declined to $40 million from $73 million a year ago, and adjusted EBITDA decreased to $3 million, compared to $32 million a year ago.
Ferrous sales volumes (LT, in thousands) decreased to 980 from 1,263 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was $3 compared to $25 in the prior-year quarter.
Avg. net ferrous sales prices ($/LT) rose to $384 from $367 in Q2 FY23. Finished steel average net sales price ($/ST) came in at $832 (vs. 943 a year ago), and sales volumes (ST, in thousands) of 114 (vs. 109 in the comparable period).
Finished steel sales volumes increased on the continued strength of non-residential and infrastructure demand in the Western U.S.
Adjusted loss per share: $1.04, beating the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus of $1.09</a>.
Radius implemented a plan to deliver $40 million in annual benefits by reducing selling, general, and administrative expenses by 10%.
Radius CEO Tamara Lundgren says &#8220;near-term market conditions for recycled metals are challenging&#8221; amid cyclical headwinds. The plan is to position Radius &#8220;to benefit from an improvement in market conditions and positive structural demand tailwinds.&#8221;     
&#8220;Scrap supply flows should benefit from a decline in U.S. interest rates and a recovery in global manufacturing activity. Additionally, the long-term structural demand for recycled metals remains positive, supported by the increased focus on decarbonization, the transition to low-carbon technologies, and the anticipated demand associated with the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, including Buy Clean provisions.&#8221;&nbsp;&nbsp;
Dividend: The board declared a cash dividend per share of $0.1875. It&#8217;s payable on May 6 to shareholders of record as of April 22, 2024.
Investors can gain exposure to the stock via two ETFs. They are VanEck Environmental Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVX#NYSE">EVX</a>) and SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>).
Price Action:&nbsp;RDUS shares are trading lower by 6.95% at $18.75 on the last check Thursday.

Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly losses of $(1.04) per share which beat the analyst consensus estimate of $(1.09) by 4.59 percent. This is a 842.86 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $621.06 million which missed the analyst consensus estimate of $626.15 million by 0.81 percent. This is a 17.84 percent decrease over sales of $755.95 million the same period last year.

Earnings Beats

Earnings Misses

Schnitzer Steel Q2 Adj $(1.04) Beats $(1.09) Estimate, Sales $621.06M Miss $626.15M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $3.01 billion.
&bull; Trinity Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIB#NASDAQ">TRIB</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $15.00 million.
&bull; AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $75.73 million.
&bull; WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $1.61 billion.
&bull; Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) is likely to report earnings for its fourth quarter.
&bull; Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is estimated to report quarterly earnings at $1.45 per share on revenue of $1.65 billion.
&bull; Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) is likely to report quarterly loss at $1.09 per share on revenue of $626.15 million.
&bull; Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $316.88 million.
&bull; CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $8.56 million.
&bull; RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.52 billion.
&bull; Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is estimated to report quarterly earnings at $1.55 per share on revenue of $172.06 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Conifer Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) is likely to report quarterly loss at $0.02 per share on revenue of $15.46 million.
&bull; Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) is estimated to report earnings for its fourth quarter.
&bull; Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is projected to report quarterly loss at $0.03 per share on revenue of $56.64 million.
&bull; Genfit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNFT#NASDAQ">GNFT</a>) is likely to report earnings for its Fiscal Year 2023.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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WisdomTree Trust International LargeCap Dividend

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Earnings Scheduled For April 4, 2024

Top Stories for March 15, 2024:
1. Chief Executive Officer of Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) Lourenco Goncalves said he is <a href="https://www.benzinga.com/m-a/24/03/37715707/cliffs-ceo-weighs-lowball-bid-for-u-s-steel-with-union-backing">considering another bid</a> for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) if the current Nippon Steel deal falls apart.
Goncalves added that he would have the backing of the steelworkers union but the bid would be a significantly lower price than the existing offer by Nippon.
For context, Nippon Steel's proposed 14.9 billion acquisition of U.S. Steel has come under increased scrutiny recently.
Several government officials including President Joe Biden have openly opposed the deal on the grounds of national security and the importance of keeping domestic steel production strong.
2. Tredegar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TG#NYSE">TG</a>) reported fourth-quarter and full-year 2023 financial results.
The company reported a net loss of $35.6 million (-$1.04 per share) in Q4 2023, a sharp decline from the $3.9 million loss (-$0.11 per share) in <a href="https://ir.tredegar.com/news-releases/news-release-details/tredegar-reports-fourth-quarter-and-full-year-2023-results">Q4 2022</a>.
Excluding special items, the ongoing operations reported a marginal net loss of $0.1 million in Q4 2023, compared to a net income of $0.5 million in the same quarter of the previous year.&nbsp;
Full-year net income for 2023 was a loss of $105.9 million (-$3.10 per share), down from $28.5 million ($0.84 per share) in 2022.
EBITDA for Aluminum Extrusions decreased to $8.0 million from $8.9 million the previous year, with sales volume dropping to 32.9 million pounds from 37.2 million pounds.&nbsp;
Open orders ended the quarter at 14 million pounds, significantly below the pre-pandemic range of 21 to 27 million pounds.&nbsp;
PE Films&#8217; EBITDA improved to $4.5 million from a negative $2.6 million in Q4 2022, with sales volume increasing to 8.5 million pounds.&nbsp;
Flexible Packaging Films (Terphane) saw a decrease in EBITDA to $2.3 million from $7.0 million in Q4 2022, with a slight drop in sales volume.&nbsp;
The declines in Terphane&#8217;s performance were attributed to reduced sales volume and margin, impacted by global oversupply and strong competition in Brazil.
President and CEO John Steitz said, "There are signs that the downturn at Bonnell, which we believe is a residual impact of the pandemic and started in the second half of 2022, has hit bottom and that a recovery is underway. In addition, U.S. authorities have made favorable preliminary determinations regarding a trade case backed by a coalition of members of the Aluminum Extruders Council."&nbsp;
Also Read: <a href="https://www.benzinga.com/markets/commodities/24/03/37744623/lithium-market-signals-potential-turnaround-with-pilbara-minerals-direct-sales-move">Lithium Market Signals Potential Turnaround With Pilbara Minerals&#8217; Direct Sales Move</a>
3. Radius Recycling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NYSE">RDUS</a>) shared preliminary results for its fiscal second quarter of <a href="https://www.radiusrecycling.com/company/investors/news-release-details/22756">2024</a>.
The company expects a net loss of around $35 million, with a loss per share between $1.19 and $1.24.&nbsp;
Adjusted EBITDA is anticipated to be $2 million and the adjusted loss per share from continuing operations should range between $1.05 and $1.10.&nbsp;
Challenges included tight recycled metal supply, wet weather affecting sales volumes and prices and a 15% decrease in ferrous sales volumes due to supply issues.&nbsp;
However, nonferrous sales volumes are up 7% year-over-year, and finished steel volumes increased by 5% year-over-year, with a steel mill utilization rate of 81%.&nbsp;
Pricing for ferrous metals rose 8% quarter-over-quarter, while nonferrous prices increased by 3%, and finished steel prices remained flat.&nbsp;
The company plans to cut costs and improve efficiency, aiming for $40 million in annual savings on top of a previous $30 million, including selling, general and administrative expense reduction by 10%.&nbsp;
It also expects a Q2 operating cash outflow of $50 to $60 million, with Q2 capital expenditures of $15 million and projected fiscal 2024 capital expenditures of $80 million.&nbsp;
Total debt is estimated at $374 million and net debt at $360 million by the end of Q2, with an effective tax rate of about 4% on GAAP results and 8% on adjusted non-GAAP results.
4. Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) provided <a href="https://www.benzinga.com/news/24/03/37740745/steel-dynamics-provides-q1-earnings-guidance-sees-q1-eps-of-3-51-3-55-per-share-vs-3-35-estimate-inc">first quarter guidance</a> for 2024.
The company expects first-quarter earnings between $3.51-$3.55 per share, up from Q4 2023&#8217;s $2.61 and slightly below Q1 2023&#8217;s $3.70.&nbsp;
Stronger steel operations supported by demand from automotive, construction, energy and industrial sectors are driving improved results, especially in flat rolled steel and at its Sinton Texas division.&nbsp;
Metals recycling earnings are set to rise due to better pricing and higher volumes. Despite a solid non-residential construction sector and a healthy order backlog, steel fabrication profits will be strong but lower than the last quarter due to seasonal effects and cost increases.&nbsp;
Based on confidence in its earnings outlook and cash flow generation, the company also bought back $279 million in stock and raised its dividend by 8% to $0.46 per share.&nbsp;
Earnings will be announced on April 23, 2024.
Now Read: <a href="https://www.benzinga.com/news/24/03/37601685/no-bailout-for-chinese-real-estate-developers-spells-trouble-for-iron-ore-prices">No Bailout For Chinese Real Estate Developers Spells Trouble For Iron Ore Prices</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Photo: Shutterstock

Cleveland-Cliffs Considers Bid For US Steel; Tredegar And Radius Recycling Report Financial Results And More: Friday's Top Mining Stories

Seaport Global analyst Martin Englert maintains Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) with a Sell and lowers the price target from $17.5 to $17.

Price Target

Analyst Ratings

Seaport Global Maintains Sell on Radius Recycling, Lowers Price Target to $17

The Company anticipates&nbsp;Net loss to be approximately&nbsp;$(35)&nbsp;million. Loss per share from continuing operations to be in the range of&nbsp;$(1.19)&nbsp;-&nbsp;$(1.24).Adjusted EBITDA to be approximately&nbsp;$2 million

Guidance

Radius Recycling Anticipates Q2 Adjusted EPS From Continuing Operations Of $(1.05)-$(1.10), Est $(0.38)

Radius Recycling Reports Preliminary Q2 Results, Says Current Market Conditions Remain Challenging; Increases Cost Reduction Target

Top Stories for Jan. 4, 2024:
1. Foremost Lithium Resource &amp; Technology Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fmst#NASDAQ">FMST</a>) announced that it received its third $300,000 grant from the Manitoba Mineral Development Fund to support its 7,500-meter diamond drill program at its <a href="https://www.benzinga.com/topic/lithium">Zoro Lithium Project.</a>
&quot;Foremost Lithium stands as a reputable company that has achieved remarkable advancements on their properties in Manitoba. They are widely recognized for their substantial geological potential in terms of valuable mineral deposits,&quot; said&nbsp;Edward Suzuki, program manager of The Manitoba Mineral Development Fund.&nbsp;&quot;Through their diligent efforts, they have successfully identified and defined their lithium resources, clearly showcasing the significance of these essential minerals.&quot;
&quot;Supporting mineral exploration companies like Foremost Lithium, the Government of Manitoba&#39;s Mineral Development Fund not only stimulates exploration activity and attracts investment, but also fosters economic growth, job creation and enhances the province&#39;s competitiveness. These factors collectively contribute to the long-term sustainability and development of the mining industry in Manitoba,&quot; he added.
2. Schnitzer Steel Industries, Inc., otherwise known as Radius Recycling Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdus#NASDAQ">RDUS</a>), announced its first-quarter earnings for fiscal 2024. The company reported a loss of 64 cents per share and adjusted EBITDA of $1 million.
The company faced reduced profitability due to tighter supplies of recycled metals and lower selling prices largely due to decreased U.S. manufacturing and the economic slowdown in China, which led to a compression of metal spreads.
Chairman and Chief Executive Officer Tamara Lundgren commented: &quot;While the current market environment is challenging, we have demonstrated our ability to navigate effectively through periods of volatility and tight scrap availability by focusing on what we can control. This includes higher nonferrous volumes from our strategic investments and delivering on our $30 million productivity improvement program that we announced last October. We are well-positioned to benefit from near-term market improvements and the expected longer-term increased demand for recycled metals associated with decarbonization and low-carbon technologies.&quot;
3. U.S. Gold Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/usau#NASDAQ">USAU</a>) announced that it will attend the 2024 Future Minerals Forum from Jan.&nbsp;10 to Jan.&nbsp;11 at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia.
The company plans to discuss its advancements in the CK Gold Project, including obtaining the Industrial Siting Permit in May 2023 and anticipating mining permit approval in 2024, along with initiating CAPEX financing discussions.
U.S. Gold Corp. also plans to cover its strategies for exploring the Challis Gold Project and continued exploration at the Keystone Project, as well as the company&#39;s optimistic outlook on the 2024 gold and copper markets, which are expected to positively influence its asset values and strategic decisions.
Now Read:&nbsp;<a href="https://www.benzinga.com/24/01/36498869/oil-prices-fall-as-demand-concerns-driven-by-massive-us-gasoline-stockpile-increase">Oil Prices Fall As Demand Concerns Driven By Massive US Gasoline Stockpile Increase</a>
Photo: Shutterstock

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Foremost Lithium Receives Grant For Zoro Project; Radius Recycling's Quarterly Loss; US Gold Corp At 2024 Future Minerals Forum

Shares of Mobileye Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbly#NASDAQ">MBLY</a>) fell sharply during Thursday&rsquo;s session after the company issued preliminary FY23 financial <a href="https://www.benzinga.com/news/earnings/24/01/36490653/why-system-software-company-mobileye-shares-are-diving-today">results and initial 2024 guidance</a>.
For the fourth quarter, the company expects revenue of $634 million-$638 million (vs. $636.39 million) and adjusted operating income of $241 million-$247 million. The company&#39;s previous implied guidance was $623 million-$648 million in revenue.
Wolfe Research analyst Shreyas Patil downgraded Mobileye Global from Outperform to Peer Perform.
Mobileye Global shares dipped 23.5% to $30.37 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) shares jumped 170.2% to $4.62.</li>
<li>Omega Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omga#NASDAQ">OMGA</a>) gained 92.7% to $5.26 after Novo Nordisk entered into a research collaboration with the company.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atxi#NASDAQ">ATXI</a>) shares climbed 65.8% to $0.2920 after the company announced it reached a final agreement with the FDA for the Phase 3 safety study for IV tramadol.</li>
<li>Jeffs&#39; Brands Ltd(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jfbr#NASDAQ">JFBR</a>) gained 40% to $4.41 after surging 25% on Wednesday. Jeffs&#39; Brands, last month, signed non-binding letters of intent with Sky Growth Partners to invest in a DLP laser-based system for counter-drone solutions and laser-based wireless charging technology.</li>
<li>Mobix Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mobx#NASDAQ">MOBX</a>) gained 33.3% to $4.00. Mobix Labs was awarded 15-month contract to supply EMI filtered connectors as part of US Army&#39;s M-1 Abrams Tank Program.</li>
<li>ATIF Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atif#NASDAQ">ATIF</a>) jumped 30.6% to $1.32.</li>
<li>Adicet Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acet#NASDAQ">ACET</a>) surged 26.1% to $2.22. Adicet Bio issued corporate updates and highlighted upcoming priorities for its pipeline programs in 2024.</li>
<li>Smart for Life, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smfl#NASDAQ">SMFL</a>) gained 22.6% to $1.9999.</li>
<li>XORTX Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xrtx#NASDAQ">XRTX</a>) rose 21.7% to $2.97. Alliance Global Partners analyst James Molloy maintained XORTX Therapeutics with a Buy and raised the price target from $9 to $14.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) climbed 20.1% to $0.1690 after falling over 11% on Wednesday. Kintara Therapeutics, last month, announced a review of strategic alternatives focused on maximizing stockholder value.</li>
<li>QuantumScape Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qs#NYSE">QS</a>) gained 18.5% to $7.70.</li>
<li>The Arena Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aren#NYSE">AREN</a>) shares rose 16.8% to $2.44 after falling over 9% on Wednesday. Arena Group Board, last month, terminated employment of CEO Ross Levinsohn.</li>
<li>NuZee, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuze#NASDAQ">NUZE</a>) gained 16.7% to $2.9999.</li>
<li>Keros Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kros#NASDAQ">KROS</a>) gained 15.7% to $47.72. Keros Therapeutics priced upsized $140 million public offering of 3.5 million common shares at $40 per share.</li>
<li>Dyne Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dyn#NASDAQ">DYN</a>) gained 14.6% to $16.92. Dyne Therapeutics announced an underwritten public offering of $175 million of common stock.</li>
<li>TMC the metals company Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmc#NASDAQ">TMC</a>) rose 13.8% to $1.32.</li>
<li>MINISO Group Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NYSE">MNSO</a>) gained 9.7% to $21.87.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) rose 8.4% to $0.8031. Nikola said it produced 42 and wholesaled 35 Class 8 Nikola Hydrogen Fuel Cell Vehicles for US and Canada customers in 2023.</li>
<li>Select Medical Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sem#NYSE">SEM</a>) gained 6.4% to $25.00. Select Medical announced potential separation of Concentra.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>SELLAS Life Sciences Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sls#NASDAQ">SLS</a>) shares fell 36% to $0.58 after the company announced pricing of $9.0 million public offering.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ejh#NASDAQ">EJH</a>) fell 33.2% to $0.9894.</li>
<li>OPKO Health, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opk#NASDAQ">OPK</a>) shares dipped 28% to $1.0799. OPKO Health disclosed a private offering of Convertible Senior Notes due 2029.</li>
<li>Hitek Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hkit#NASDAQ">HKIT</a>) tumbled 25.2% to $0.77.</li>
<li>Relmada Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rlmd#NASDAQ">RLMD</a>) declined 24% to $3.44 after the company issued a corporate update.</li>
<li>Nemaura Medical Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrd#NASDAQ">NMRD</a>) dipped 21.2% to $0.1009.</li>
<li>ABVC BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abvc#NASDAQ">ABVC</a>) shares fell 20.1% to $1.5395. ABVC BioPharma shares jumped over 60% on Wednesday after the company and its subsidiary received a milestone payment of 46 million shares from AiBtl BioPharma under a global licensing payment.</li>
<li>LifeMD, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lfmd#NASDAQ">LFMD</a>) fell 20.1% to $6.20.</li>
<li>Singularity Future Technology Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgly#NASDAQ">SGLY</a>) tumbled 18.3% to $0.47.</li>
<li>cbdMD, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ycbd#NYSE">YCBD</a>) dipped 16.1% to $0.8302.</li>
<li>RiskOn International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roi#NASDAQ">ROI</a>) shares fell 13.7% to $0.2536 after dipping around 35% on Wednesday.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) tumbled 13.6% to $6.59.</li>
<li>Pinstripes Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnst#NYSE">PNST</a>) declined 13.1% to $7.13.</li>
<li>Avanos Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avns#NASDAQ">AVNS</a>) fell 12.9% to $18.91 after reporting preliminary Q4 and FY23 financial results.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) fell 11.5% to $5.49 after jumping around 153% on Wednesday.</li>
<li>Schnitzer Steel Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdus#NASDAQ">RDUS</a>) declined 9.8% to $26.61 following first-quarter results.</li>
<li>Evotec SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evo#NASDAQ">EVO</a>) shares declined 9.2% to $9.60. Evotec and Owkin announced an A.I.-powered integrated multi-target collaboration in oncology, immunology and inflammation.</li>
<li>Walgreens Boots Alliance, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) dipped 8.5% to $23.39 following quarterly results.</li>
<li>MultiPlan Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpln#NYSE">MPLN</a>) fell 7.3% to $1.3150. MultiPlan named Travis Dalton as President and CEO on March 1, 2024.</li>
<li>First Wave BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwbi#NASDAQ">FWBI</a>) shares fell 7.1% to $5.07. First Wave BioPharma shares jumped 43% on Wednesday after Roth MKM maintained a Buy rating on the stock and adjusted its target from $11 to $40.</li>
<li>Altice USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atus#NYSE">ATUS</a>) fell 4.8% to $2.9310.</li>
</ul>
&nbsp;
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Why Mobileye Global Shares Are Trading Lower By Over 23%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Schnitzer Steel Industries, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdus#NASDAQ">RDUS</a>) reported first-quarter FY24 revenue growth of 12.4% year-over-year to $672.89 million, beating the <a href="http://www.benzinga.com/pressreleases/24/01/b36488024/radius-recycling-reports-first-quarter-fiscal-2024-financial-results">consensus of $643.35 million</a>.
Adjusted loss per share expanded to 64 cents from 44 cents in the first quarter of 2023. It beat the consensus of 70 cents.
Gross margin declined 20.4% Y/Y to $39 million, and Operating loss expanded to $22.98 million from $16.31 million a year ago.
The company stated that its first quarter&#39;s operating performance was impacted by tighter recycled metal supplies and lower selling prices, leading to reduced metal spreads. Challenges persisted due to decreased U.S. manufacturing activity and Asia&#39;s economic slowdown, notably China&#39;s, affecting the market for recycled metals.
Adjusted EBITDA for the quarter was $1 million, compared to $8 million a year ago.
Ferrous sales volumes (LT, in thousands) increased by 35.4% Y/Y to 1,152; adjusted EBITDA per ferrous ton sold ($/LT) was $1 compared to $10 in 1Q23.
Avg. net ferrous sales prices ($/LT) were up to $345 from $340 in 1Q23.
Finished steel average net sales price ($/ST) $831 (-18.1% Y/Y) and sales volumes (ST, in thousands) 129 (+9.3% Y/Y).
RDUS states that Advanced nonferrous technologies and an acquisition boosted nonferrous sales by 12%, while strong western U.S. demand led to a 10% rise in steel sales, with a 95% mill utilization rate.
Price Action:&nbsp;RDUS shares closed lower by 2.86% at $29.50 on Wednesday.
Now Read: <a href="https://www.benzinga.com/news/earnings/24/01/36487242/simply-good-foods-reports-earnings-above-street-view-over-115m-in-gross-profit">Simply Good Foods Reports Earnings Above Street View, Over $115M In Gross Profit </a>

Schnitzer Steel's Adjusted Loss Widens, But Still Outperforms Analyst Expectations

WIIM

Schnitzer Steel shares are trading lower after the company reported Q1 financial results.

Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly losses of $(0.64) per share which beat the analyst consensus estimate of $(0.70) by 8.57 percent. This is a 45.45 percent decrease over losses of $(0.44) per share from the same period last year. The company reported quarterly sales of $672.90 million which beat the analyst consensus estimate of $643.35 million by 4.59 percent. This is a 12.39 percent increase over sales of $598.73 million the same period last year.

Schnitzer Steel Q1 Adj EPS $(0.64) Beats $(0.70) Estimate, Sales $672.90M Beat $643.35M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $1.70 billion.
&bull; Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) is likely to report quarterly loss at $0.70 per share on revenue of $643.35 million.
&bull; Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $3.24 billion.
&bull; Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $308.83 million.
&bull; Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is expected to report quarterly earnings at $0.63 per share on revenue of $34.85 billion.
&bull; Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is likely to report quarterly earnings at $1.27 per share on revenue of $163.43 million.
&bull; RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $1.84 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $65.88 million.
&bull; Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is projected to report quarterly loss at $0.10 per share on revenue of $51.65 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Earnings Scheduled For January 4, 2024

Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) is set to give its latest quarterly earnings report on Thursday, 2024-01-04. Here's what investors need to know before the announcement.
Analysts estimate that Schnitzer Steel will report an earnings per share (EPS) of $-0.70. 
Schnitzer Steel bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 1.71% drop in the share price the next day.
Here's a look at Schnitzer Steel's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.31</td>
<td>0.64</td>
<td>0.21</td>
<td>-0.45</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.47</td>
<td>0.67</td>
<td>0.14</td>
<td>-0.44</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.71%</td>
<td>-3.48%</td>
<td>2.23%</td>
<td>4.49%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1704290436_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Schnitzer Steel were trading at $30.37 as of January 01. Over the last 52-week period, shares are down 1.17%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RDUS/earnings">To track all earnings releases for Schnitzer Steel visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Schnitzer Steel's Earnings

Shares of metals companies are trading higher following Wednesday's Fed decision, which has lifted demand outlook.

Seaport Global analyst Martin Englert initiates coverage on Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) with a Neutral rating.

Initiation

Seaport Global Initiates Coverage On Schnitzer Steel with Neutral Rating

Stefano Gaggini, SVP at Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>), reported a large insider sell on November 7, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000912603/000120919123054593//Archives/edgar/data/912603/000120919123054593/0001209191-23-054593-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Gaggini sold 7,269 shares of Schnitzer Steel. The total transaction amounted to $180,707. 
Schnitzer Steel shares are trading down 0.0% at $24.06 at the time of this writing on Wednesday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000912603">Check Out The Full List Of Schnitzer Steel's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

SVP of Schnitzer Steel Sold $180K In Stock

U.S. stocks traded lower, with the Nasdaq Composite falling more than 1% on Wednesday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>Scholar Rock Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srrk#NASDAQ">SRRK</a>) shares jumped 16.5% to $8.92. Jefferies upgraded Scholar Rock from Hold to Buy and announced a $20 price target.</li>
<li>Stride, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lrn#NYSE">LRN</a>) climbed 16.4% to $51.81 after the company reported first-quarter results.</li>
<li>GH Research PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ghrs#NASDAQ">GHRS</a>) gained 9.8% to $7.59.</li>
<li>PROG Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prg#NYSE">PRG</a>) rose 9.3% to $31.14 following upbeat quarterly results.</li>
<li>Anavex Life Sciences Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avxl#NASDAQ">AVXL</a>) gained 9% to $5.59. Anavex Life Sciences reported a new publication in a scientific journal demonstrating the potential of ANAVEX 3-71 to prevent cognitive decline in Alzheimer&#39;s disease.</li>
<li>John Bean Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbt#NYSE">JBT</a>) surged 9.9% to $105.80&nbsp;after posting strong quarterly earnings.</li>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) gained 8% to $1.29 as the company said it has onboarded two new partners to its premier tech-enabled, two-sided lending network: a top five bank in the U.S. and a top four auto captive lender.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) rose 6.6% to $10.72 after the company reported a year-over-year increase in third-quarter EPS and sales results.</li>
<li>The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) climbed 6.2% to $13.18. Wells Fargo upgraded Gap from Equal-Weight to Overweight and raised the price target from $11 to $16.</li>
<li>Lifezone Metals Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzm#NYSE">LZM</a>) rose 6.2% to $9.77.</li>
<li>Schnitzer Steel Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdus#NASDAQ">RDUS</a>) surged 5.5% to $25.61 following better-than-expected quarterly earnings.</li>
<li>F5, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffiv#NASDAQ">FFIV</a>) rose 5% to $155.70 following upbeat quarterly results.</li>
<li>Westinghouse Air Brake Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>) gained 4.8% to $104.74 after the company reported third-quarter financial results and issued 2023 guidance above estimates.</li>
<li>Waste Management, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wm#NYSE">WM</a>) rose 6.5% to $164.75&nbsp;following upbeat quarterly earnings.</li>
<li>General Dynamics Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gd#NYSE">GD</a>) gained 4.3% to $242.98 after the company reported better-than-expected quarterly financial results.</li>
<li>Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) shares gained 3.7% to $342.72 as the company posted stronger-than-expected results for its fiscal first quarter on Tuesday. Piper Sandler maintained Microsoft with an Overweight and raised the price target from $400 to $425.</li>
</ul>
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Schnitzer Steel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly adjusted earnings of $0.47 per share which beat the analyst consensus estimate of $0.31 by 51.61 percent. This is a 6 percent decrease over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $718.00 million which missed the analyst consensus estimate of $721.30 million by 0.46 percent. This is a 19.72 percent decrease over sales of $894.41 million the same period last year.

Schnitzer Steel Q4 Adj EPS $0.47 Beats $0.31 Estimate, Sales $718.00M Miss $721.30M Estimate

REITs finish March trading at 15% discount to NAV per share estimates

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Radius Recycling Non-GAAP EPS of -$1.04 beats by $0.05, revenue of $621M misses by $5.35M

Radius Recycling declares $0.1875 dividend

Radius Recycling, Inc. 2024 Q2 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Schnitzer Steel (NASDAQ:<a href="https://investorplace.com/stock-quotes/rdus-stock-quote/">RDUS</a>) just reported results for the second quarter of 2024.<ul><li>Schnitzer Steel reported earnings per share of -$1.04. This was above the analyst estimate for EPS of -$1.09.</li><li>The company reported revenue of $621.06 million.</li><li>This was 0.81% worse than the analyst estimate for revenue of $626.15 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/rdus-stock-earnings-schnitzer-steel-for-q2-of-2024/">RDUS Stock Earnings: Schnitzer Steel Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RDUS Stock Earnings: Schnitzer Steel Beats EPS, Misses Revenue for Q2 2024

Radius Recycling, Inc. (RDUS) Q2 2024 Earnings Call Transcript

Analysts have been eager to weigh in on the Materials sector with new ratings on Schnitzer Steel Industries (RDUS – Research Report) and RPM Intern...

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