Schnitzer Steel Industries, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of one cent per share, up from profit of $1.33 in the year-earlier quarter. During the past three months, the average estimate has moved down from 23 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of one cent during the last month. Analysts are projecting profit to rise by 76.4% versus last year to $1.
Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 40 cents per share against the mean estimate of 24 cents. In the prior quarter, the company reported profit of 35 cents.