Schnitzer Steel Industries First Quarter 2023 Earnings: US$0.64 loss per share (vs US$1.64 profit in 1Q 2022)
Schnitzer Steel Industries (NASDAQ:SCHN) First Quarter 2023 Results
Key Financial Results
Revenue: US$598.7m (down 25% from 1Q 2022).
Net loss: US$17.7m (down by 138% from US$46.2m profit in 1Q 2022).
US$0.64 loss per share (down from US$1.64 profit in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Schnitzer Steel Industries Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are up 4.8% from a week ago.
Risk Analysis
Be aware that Schnitzer Steel Industries is showing 2 warning signs in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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