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Reliance Steel has the Lowest Projected Earnings Growth in the Steel Industry (RS, SXC, NUE, STLD, SCHN)

By Shiri Gupta

Below are the three companies in the Steel industry with the lowest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Reliance Steel ranks lowest with a projected earnings growth of 22.8%. Following is Suncoke Energy I with a projected earnings growth of 35.7%. Nucor Corp ranks third lowest with a projected earnings growth of 39.3%.

Steel Dynamics follows with a projected earnings growth of 45.0%, and Schnitzer Steel rounds out the bottom five with a projected earnings growth of 74.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Schnitzer Steel on March 27th, 2018 by issuing a Downtrend alert when the shares were trading at $32.55. Since that call, shares of Schnitzer Steel have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest projected earnings growth Reliance Steel suncoke energy i nucor corp Steel Dynamics schnitzer steel

Ticker(s): RS SXC NUE STLD SCHN