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Reliance Steel & Aluminum Co. Message Board

  • patelatcnbc patelatcnbc Jul 18, 2007 9:52 PM Flag

    Reliance Steel Sees Higher 2Q Profit

    ok Analyst is looking for 1.56 EPS. RS said their EPS for second quarter (2Q) will be between 1.46 to 1.56. Analyst expected RS to earn 1.46 EPS for 2Q. It seems like Analyst raised the EPS target to 1.56 after Hannah's comment during 1q conference call or may be due to their new acquisitions of clayton. Does anyone know why??

    Article published on April 18th after announcement of 1Q
    http://biz.yahoo.com/ap/070419/reliance_steel_outlook.html?.v=1

    Worst scenario, even if RS miss estimates, stock will still bounce back within week or two to $62 target. Just wait on watch i think RS is going up & UP.

 
RS
59.88-0.19(-0.32%)Jul 27 4:07 PMEDT