Schnitzer Steel: Q4 Earnings Insights

Schnitzer Steel Indus SCHN reported its Q4 earnings results on Monday, October 24, 2022 at 08:00 AM.

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

Schnitzer Steel Indus missed estimated earnings by 13.79%, reporting an EPS of $0.5 versus an estimate of $0.58.

Revenue was up $48.80 million from the same period last year.

Last quarter the company beat on EPS by $0.29 which was followed by a 4.17% drop in the share price the next day.

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

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	2.30	1.38	1.76	1.71
EPS Actual	2.59	1.38	1.58	1.81
Revenue Estimate	919.09M	779.39M	857.06M	782.07M
Revenue Actual	1.01B	783.20M	798.12M	845.62M

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 FY 2022, expecting earnings between $6.0 and $6.05 per share.

To track all earnings releases for Schnitzer Steel Indus visit their earnings calendar here.

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