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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