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What's Driving The Rally In Reliance Steel & Aluminum Stock?

Reliance Steel & Aluminum (NYSE: RS) – the largest metals service center company in North America – saw its stock price rise by 19% over the last week. Much of the increase is due to the company’s stronger than expected Q3 results that were driven by better than expected demand and increasing levels of value-added processing. The company’s adjusted EPS came in at about $2.39 (beating consensus by $0.44) with revenue standing at $2.69 billion (beating consensus by $20 million). Below, we take a look at the company’s performance in recent years and what the outlook could be like.

View our interactive dashboard analysis Why Did Reliance Steel & Aluminum Stock Rise Last Week?

How does Reliance Steel & Aluminum’s Revenue Growth in 2018 compare with that in prior periods and what’s the forecast?

Total Revenues for Reliance Steel & Aluminum significantly increased from $9.72 Bil in 2017 to $11.5 Bil in 2018; an increase of 18.7%.

This compares with Total Revenue growth of:

  • -10.5% in 2015 compared to 2014
  • -7.88% in 2016 compared to 2015
  • 12.9% in 2017 compared to 2016

We expect Total Revenue growth to be -4.6% in 2019.

How does Reliance Steel & Aluminum’s Total Expense in 2018 compare with that in prior periods and what’s the forecast?

Total Expense for Reliance Steel & Aluminum significantly increased from $9.14 Bil in 2017 to $10.7 Bil in 2018; an increase of 16.9%.

This compares with Total Expense growth of:

  • -10.2% in 2015 compared to 2014
  • -7.96% in 2016 compared to 2015
  • 11.6% in 2017 compared to 2016

We expect Total Expense growth to be -4.6% in 2019.

How does Reliance Steel & Aluminum’s EBT in 2018 compare with that in prior periods and what’s the forecast?

EBT for Reliance Steel & Aluminum increased substantially by 45.7% from $584 Mil in 2017 to $851 Mil in 2018.

We expect EBT to decline to $809 million in 2019.

How do Reliance Steel & Aluminum’s Net Income and EPS in 2018 compare with that in prior periods and what’s the forecast?

For more information on Reliance Steel & Aluminum’s Net Income and EPS, view our interactive dashboard analysis.

 

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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