Olympic Steel Inc (NASDAQ: ZEUS) has reported earnings for its first fiscal quarter (ending March 31) of $0.75 versus $0.85 for the same period a year ago — a decline of -12%. This result fell short of the consensus estimate of $1.09 by $-0.34. For the latest four quarters through March 31, E.P.S. were $3.75 versus $5.49 for the same period a year ago — a decline of -32%.
Recent Price Action
On 5/2/24, Olympic Steel Inc (NASDAQ: ZEUS) stock rose modestly by 0.5%, closing at $63.68. However, below average trading volume at 78% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, ZEUS is expected to be Value Creation neutral.
Olympic Steel has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Olympic Steel has a neutral Appreciation Score of 50 but a good Power Rating of 81, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment