Schnitzer Steel Industries Inc (NASDAQ: RDUS) has reported E.P.S. of $-0.56 for its fourth fiscal quarter (ending August 31) versus $-0.92 for the same period a year ago — a decline of -39%. For the latest four quarters through August 31, E.P.S. were $-9.37 compared to $-0.92 a year ago — an increase of 918%.
Recent Price Action
Schnitzer Steel Industries Inc (NASDAQ: RDUS) stock closed at $16.34 on 10/24/24 after a modest decline of -1.8%. Trading volume in this decline was normal. The stock has declined -7.3% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SCHN is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Schnitzer Steel Industries has a current Value Trend Rating of C (Low 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 78 but a very low Power Rating of 15, with the Low Neutral 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 C. This review will be completed in the next several days.
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