Schnitzer Steel Industries (Nasdaq: SCHN ) is expected to report Q3 earnings on June 28. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Schnitzer Steel Industries' revenues will drop -9.6% and EPS will wane -72.6%.
The average estimate for revenue is $886.7 million. On the bottom line, the average EPS estimate is $0.32.
Last quarter, Schnitzer Steel Industries tallied revenue of $886.6 million. GAAP reported sales were 23% higher than the prior-year quarter's $721.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.35. GAAP EPS of $0.35 for Q2 were 68% lower than the prior-year quarter's $1.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 7.8%, 450 basis points worse than the prior-year quarter. Operating margin was 1.9%, 430 basis points worse than the prior-year quarter. Net margin was 1.1%, 320 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.47 billion. The average EPS estimate is $1.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 361 members out of 380 rating the stock outperform, and 19 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Schnitzer Steel Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schnitzer Steel Industries is hold, with an average price target of $51.33.
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