Olympic Steel Inc (NASDAQ: ZEUS) has reported earnings for its second fiscal quarter (ending June 30) of $0.66 versus $1.30 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.10 compared to $3.53 a year ago.
Recent Price Action
On 8/1/24, Olympic Steel Inc (NASDAQ: ZEUS) stock suffered a large decline of -6.4%, closing at $47.42. NORMAL trading volume accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -1.3% during the last week.
Current PriceTarget Research Rating
ZEUS is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Olympic Steel has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Olympic Steel has a neutral Appreciation Score of 51 but a very low Power Rating of 15, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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