Schni
Schnitzer Metal (SCHN) got here out with a quarterly lack of $0.17 per share in step with the Zacks Consensus Estimate. This compares to earnings of $0.58 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this recycler of ferrous and nonferrous scrap metallic would submit earnings of $0.43 per share when it truly produced earnings of $0.42, delivering a shock of -2.33%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Schnitzer Metal, which belongs to the Zacks Metal – Producers business, posted revenues of $405.58 million for the quarter ended November 2019, lacking the Zacks Consensus Estimate by 9.53%. This compares to year-ago revenues of $564.02 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s speedy worth motion based mostly on the…