Olympic Steel Inc (NASDAQ: ZEUS) has reported earnings for its third fiscal quarter (ending September 30) of $0.23 versus $1.06 for the same period a year ago — a decline of -78%. E.P.S. were $2.28 for the latest four quarters through September 30 versus $3.55 for the same period a year ago — a decline of -36%.
Recent Price Action
On 10/31/24, Olympic Steel Inc (NASDAQ: ZEUS) stock declined modestly by -1.4%, closing at $35.88. However, this decline was accompanied by exceptionally low trading volume at 42% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -1.8% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Olympic Steel has a neutral Appreciation Score of 56 but a poor Power Rating of 18, producing the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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