Recap: Schnitzer Steel Q2 Earnings

Schnitzer Steel Indus SCHN reported its Q2 earnings results on Wednesday, April 6, 2022 at 08:00 AM.

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

Schnitzer Steel Indus reported in-line EPS of $1.38 versus an estimate of $1.38.

Revenue was up $183.09 million from the same period last year.

Last quarter the company missed on EPS by $0.18 which was followed by a 5.77% increase in the share price the next day.

Here's a look at Schnitzer Steel Indus's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.76	1.71	2.08	0.99
EPS Actual	1.58	1.81	2.20	1.51
Revenue Estimate	857.06M	782.07M	807.75M	597.10M
Revenue Actual	798.12M	845.62M	820.72M	600.11M

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 Q2 2022, expecting earnings between $1.33 and $1.38 per share.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.