Alert: New Earnings Report (11/2/23)-Olympic Steel Inc (NASDAQ: ZEUS).


Olympic Steel Inc (NASDAQ: ZEUS) has reported earnings for its third fiscal quarter (ending September 30) of $1.06 versus $1.04 for the same period a year ago — an increase of 2%. This performance was $0.26 better than the consensus estimate of $0.80. For the latest four quarters through September 30, E.P.S. were $3.55 compared to $9.69 a year ago — a decline of -63%.


Recent Price Action

Olympic Steel Inc (NASDAQ: ZEUS) stock increased 1.5% on 11/2/23. The shares closed at $53.86. Relative to the market the stock has been strong over the last nine months and has risen 11.9% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Olympic Steel has a neutral Appreciation Score of 46 and a slightly positive Power Rating of 68, resulting in the High Neutral Value Trend Rating.

Rating Review

In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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