Schnitzer Steel Industries (Nasdaq: SCHN) reported earnings on April 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 29 (Q2), Schnitzer Steel Industries beat expectations on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share contracted significantly.

Margins dropped across the board.

Revenue details
Schnitzer Steel Industries reported revenue of $886.6 million. The seven analysts polled by S&P Capital IQ expected a top line of $851.1 million on the same basis. 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.

EPS details
EPS came in at $0.35. The eight earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. 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.

Margin details
For the 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.

Looking ahead
Next quarter's average estimate for revenue is $977.6 million. On the bottom line, the average EPS estimate is $0.75.

Next year's average estimate for revenue is $3.66 billion. The average EPS estimate is $2.48.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 358 members out of 375 rating the stock outperform, and 17 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Schnitzer Steel Industries a green thumbs-up, and one gives 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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