Recap: Schnitzer Steel Industries Q4 Earnings

Schnitzer Steel Indus SCHN reported its Q4 earnings results on Thursday, October 21, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

Schnitzer Steel Indus beat their estimated earnings by 5.85%, which did not surprise analysts.

Revenue was up $381,021,000 from the same period last year.

Last quarter the company beat on EPS by $0.12, which was followed by a 0.55% 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	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	2.08	0.99	0.39	0.13
EPS Actual	2.20	1.51	0.57	0.23
Revenue Estimate	807.75M	597.10M	437.65M	412.60M
Revenue Actual	820.72M	600.11M	492.11M	464.59M

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).

Schnitzer Steel Indus management provided guidance for their next quarter, expecting earnings between $1.75 and $1.83 per share for the nextquarter.

This represents a -1.1% in quarter-over-quarter growth for Schnitzer Steel Indus, a bearish signal to many investors.

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