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Schnitzer Steel Indus (NASDAQ:SCHN) is set to give its latest quarterly earnings report on Wednesday, 2023-04-05. Here's what investors need to know before the announcement.
Analysts estimate that Schnitzer Steel Indus will report an earnings per share (EPS) of $0.21.
Schnitzer Steel Indus 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).
Last quarter the company beat EPS by $0.01, which was followed by a 4.49% increase in the share price the next day.
Here's a look at Schnitzer Steel Indus's past performance and the resulting price change:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.45 | 0.58 | 2.30 | 1.38 |
| EPS Actual | -0.44 | 0.50 | 2.59 | 1.38 |
| Price Change % | 4.49% | -0.91% | -4.17% | 4.46% |
Shares of Schnitzer Steel Indus were trading at $31.38 as of April 03. Over the last 52-week period, shares are down 37.79%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Schnitzer Steel Indus visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: SCHN
