Investors braced for a bumpy ride ahead of Olympic Steel's
What analysts say:
- Buy, sell, or hold?: The majority of analysts back Olympic Steel as a buy. But with 60% of analysts rating it a buy, Olympic Steel is still below the mean analyst rating of its nearest eight competitors, which average 61.3% buys. Analysts like Olympic Steel better than competitor L. B. Foster Company overall. One out of three analysts rate L.B. Foster a buy compared to three of five for Olympic Steel. While analysts still rate the stock a moderate buy, they are a little more optimistic about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $315.5 million in revenue this quarter. That would represent a rise of 46.6% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.27 per share. Estimates range from $0.18 to $0.30.
What our community says:
CAPS All-Stars are solidly behind the stock, with 94.9% awarding it an "outperform" rating. The community at large concurs with the All-Stars, with 90.1% granting it a rating of "outperform." Despite the majority sentiment in favor of Olympic Steel, the stock has a middling CAPS rating of three out of five stars.
The company increased its gross margin by 7.9 percentage points in the last quarter. Revenue rose 66.6% while cost of sales rose 51.8% to $281.1 million from a year earlier.
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