| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 3.6B | +9% |
| Gross Profit | 1.1B | - |
| Cost Of Revenue | 2.5B | +9% |
| Operating Income | 393.1MM | +21% |
| Operating Expenses | 735.1MM | - |
| Net Income | 303.8MM | +11% |
| G&A | 671.5MM | +6% |
| Interest Expense | 9.7MM | -1% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Reliance (RS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Key Insights The projected fair value for Reliance is US$281 based on 2 Stage Free Cash Flow to Equity With US$293...
SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that its management team will participate in the following upcoming investor conferences: The BofA Securities 2024 Global Metals, Mining & Steel Conference on Tuesday, May 14, 2024 in Miami, Florida. Karla Lewis, President and Chief Executive Officer, and Arthur Ajemyan, Senior Vice President and Chief Financial Officer, are scheduled to present on Tuesday, May 14th at 5:30 p.m. ET and will participate
Unraveling the Financial Dynamics and Strategic Positioning of Reliance Inc (RS)
Reliance Steel & Aluminum Co. (NYSE:RS) Q1 2024 Earnings Call Transcript April 25, 2024 Reliance Steel & Aluminum Co. misses on earnings expectations. Reported EPS is $5.3 EPS, expectations were $5.51. Reliance Steel & Aluminum Co. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see […]
The heavy selling pressure might have exhausted for Reliance (RS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Reliance ( NYSE:RS ) First Quarter 2024 Results Key Financial Results Revenue: US$3.64b (down 8.1% from 1Q 2023). Net...
– Net sales of $3.64 billion with tons sold up 10.3% from fourth quarter of 2023– Gross profit margin of 31.0%– EPS of $5.23, non-GAAP EPS of $5.30– Completed acquisition of Cooksey Iron & Metal Company on February 1, 2024– Completed acquisition of American Alloy Steel, Inc. on April 1, 2024– Completed acquisition of Mid-West Materials, Inc. on April 1, 2024 SCOTTSDALE, Ariz., April 25, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the first quarter
Reliance (RS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report first quarter 2024 financial results for the period ended March 31, 2024, on Thursday, April 25, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com. Reliance, Inc. First Quarter 2024 Confere