Reliance Steel & Aluminum: Q1 Earnings Insights

Reliance Steel & Aluminum RS reported its Q1 earnings results on Thursday, April 28, 2022 at 06:50 AM.

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

Reliance Steel & Aluminum beat estimated earnings by 17.93%, reporting an EPS of $8.42 versus an estimate of $7.14.

Revenue was up $1.65 billion from the same period last year.

Last quarter the company beat on EPS by $1.61 which was followed by a 0.7% increase in the share price the next day.

Here's a look at Reliance Steel & Aluminum's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	5.22	5.95	4.73	3.51
EPS Actual	6.83	6.15	5.06	4.10
Revenue Estimate	3.83B	3.74B	3.14B	2.78B
Revenue Actual	3.99B	3.85B	3.42B	2.84B

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).

Reliance Steel & Aluminum management provided guidance for Q2 2022, expecting earnings between $9.0 and $9.1 per share.

To track all earnings releases for Reliance Steel & Aluminum visit their earnings calendar here.

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

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