- Russel Metals reported second-quarter revenue of C$1.21 billion.
- This revenue represents a 13% increase compared to the same quarter last year.
- The revenue fell short of analysts’ estimates, which were set at C$1.23 billion.
- Earnings per share for the quarter were C$1.07, up from C$0.84 in the previous year.
- The market shows positive sentiment with 5 buy ratings, 1 hold, and no sell ratings for Russel Metals stock.
A look at Russel Metals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts view Russel Metals positively for the long term based on their Smartkarma Smart Scores. With strong scores in Value and Dividend at 4 points each, the company is seen as having solid fundamentals and a healthy dividend yield. However, the Growth score of 2 indicates that there may be slower growth opportunities compared to other factors. The Resilience score of 3 suggests a moderate level of stability in the face of market challenges, while the Momentum score of 4 indicates positive market momentum.
Russel Metals Inc., a steel distributor in North America, shows promise for investors with its strong Value and Dividend scores. Operating through various distribution channels and engaging in steel processing, the company demonstrates resilience and positive market momentum. While growth potential may be moderate, the overall outlook remains favorable for Russel Metals in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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