Schnitzer Steel Industries Inc (NASDAQ: SCHN) has reported E.P.S. of $-0.64 for its first fiscal quarter (ending November 30) versus $-0.64 for the same period a year ago. This result exceeded the consensus estimate of $-0.70 by $0.06. E.P.S. were $-0.92 for the latest four quarters through November 30 versus $3.71 for the same period a year ago — a decline of -125%.
Recent Price Action
On 1/4/24, Schnitzer Steel Industries Inc (NASDAQ: SCHN) stock suffered a large decline of -7.7%, closing at $27.23. Moreover, this decline was accompanied by unusually high trading volume at 187% of normal. The stock has performed in line with the market over the last nine months and has declined -13.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SCHN is expected to continue to be a modest Value Builder.
Schnitzer Steel Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Schnitzer Steel Industries has a good Appreciation Score of 76 but a poor Power Rating of 26, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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