Reliance Steel & Aluminum Earnings Preview: Can This Streak Continue?

Reliance Steel & Aluminum (NYSE:RS) will report earnings before markets open on Thursday, April 25th. Reliance Steel & Aluminum Co. distributes and processes steel and aluminum. The Company’s products include carbon, alloy, stainless and specialty steel, aluminum, brass, and copper. Reliance operates processing and distribution centers throughout the United States. Reliance Steel & Aluminum operates in Spain.

Here is your Cheat Sheet to Reliance Steel & Aluminum Earnings:

Earnings Expectations: Analysts expect earnings of $1.14 per share on revenues of $2.10 billion. Currently, the company’s P/E ratio stands at 12.25.

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 $1.6 to a profit $1.46. For the current year, the average estimate is a profit of $5.64, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Reliance Steel & Aluminum has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 8,719 5,318 6,313 8,135 8,442
Diluted EPS ($) 6.56 2.01 2.61 4.58 5.33

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 ($) in millions 2,034 2,288 2,210 2,055 1,889
Diluted EPS ($) 0.91 1.54 1.44 1.30 1.05

Past Performance:
Reliance Steel & Aluminum has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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