Reliance initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Mike Harris initiated coverage of Reliance with a Neutral rating and $341 price target. The prevailing sentiment towards the U.S. steel industry seems pessimistic given concerns on global over supply and weak but improving pricing, the analyst tells investors in a research note. The firm is more positive given its belief that both cyclical and structural factors could drive earnings growth for the domestic steel industry despite a weaker global backdrop. Goldman believes the U.S. steel industry and the stocks are near or at the trough of the current cycle.
Reliance Inc.'s Earnings Lag Estimates in Q3, Revenues Beat
RS benefits from higher shipments amid headwinds from weaker metals pricing in the third quarter.
Reliance, Inc. (RS) Q3 2024 Earnings Call Transcript
Reliance, Inc. (NYSE:RS ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Kimberly Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Stephen Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets Philip Gibbs - KeyBanc Capital Markets Operator Ladies and gentlemen, good morning, and welcome to the Reliance, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Reliance (RS) Misses Q3 Earnings Estimates
Reliance (RS) came out with quarterly earnings of $3.64 per share, missing the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $5 per share a year ago.
Analysts Estimate Reliance (RS) to Report a Decline in Earnings: What to Look Out for
Reliance (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Reliance Announces Amended and Restated $1.5B Credit Facility
RS believes that this amended and restated credit agreement boosts its already strong liquidity position.
Reliance's (RS) Earnings Miss, Revenues Beat Estimates in Q2
Reliance's (RS) second-quarter revenues beat estimates on increased volumes.
Reliance, Inc. (RS) Q2 2024 Earnings Call Transcript
Reliance, Inc. (NYSE:RS ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Kim Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Steve Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Martin Englert - Seaport Research Partners Philip Gibbs - KeyBanc Capital Markets Timna Tanners - Wolfe Research Katja Jancic - BMO Capital Markets Lawson Winder - Bank of America Securities Operator Greetings, and welcome to the Reliance, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Reliance (RS) Q2 Earnings Miss Estimates
Reliance (RS) came out with quarterly earnings of $4.65 per share, missing the Zacks Consensus Estimate of $4.73 per share. This compares to earnings of $6.49 per share a year ago.
Earnings Preview: Reliance (RS) Q2 Earnings Expected to Decline
Reliance (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Reliance (RS) Buys FerrouSouth Assets, Ups Tolling Operations
Reliance (RS) is acquiring FerrouSouth's assets to enhance its toll processing capabilities and expand Feralloy's operations in the Southeastern U.S.
Reasons to Retain Reliance (RS) Stock in Your Portfolio Now
While Reliance (RS) faces headwinds from pricing pressure, it benefits from strong demand in its major markets and acquisitions.
