Olympic Steel Earnings: Your Sneak Peek to the Big Announcement

Olympic Steel (NASDAQ:ZEUS) will report earnings before markets open on Friday, May 3rd. Olympic Steel, Inc. processes and distributes flat-rolled carbon, stainless steel, and tubular steel products. The Company operates as an intermediary between steel producers and manufacturers that require processed steel for their operations. Olympic purchases steel from producers and processes it according to customer specifications.

Here is your Cheat Sheet to Olympic Steel Earnings:

Earnings Expectations: Analysts expect earnings of $0.28 per share on revenues of $347.59 million. Currently, the company’s P/E ratio stands at 97.39.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a profit $0.39. For the current year, the average estimate is a profit of $1.37, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Olympic Steel has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,227 523.40 805.04 1,262 1,384
Diluted EPS ($) 6.21 -5.62 0.20 2.28 0.21

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 319.94 382.05 367.36 342.56 291.72
Diluted EPS ($) 0.0516 0.57 0.41 0.15 -0.9130

Past Performance:
Olympic Steel has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)