Schnitzer Steel Indus (NASDAQ:SCHN) reported its Q2 earnings results on Wednesday, April 6, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Schnitzer Steel Indus reported in-line EPS of $1.38 versus an estimate of $1.38.
Revenue was up $183.09 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 5.77% increase in the share price the next day.
Here's a look at Schnitzer Steel Indus's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.76 | 1.71 | 2.08 | 0.99 |
| EPS Actual | 1.58 | 1.81 | 2.20 | 1.51 |
| Revenue Estimate | 857.06M | 782.07M | 807.75M | 597.10M |
| Revenue Actual | 798.12M | 845.62M | 820.72M | 600.11M |
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).
Guidance
Schnitzer Steel Indus management provided guidance for Q2 2022, expecting earnings between $1.33 and $1.38 per share.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
