Reliance Steel's (RS) Q2 Earnings & Sales Beat Estimates

 | Jul 26, 2017 09:15PM ET

Reliance Steel (NYSE:RS) is a leading metals service center company engaged in value-added materials management and metals processing services. It distributes metal products including stainless steel, aluminum, brass, copper, titanium and alloy steel to customers across a vast spectrum of industries.
Reliance Steel is gaining from its strategic acquisitions and strong demand for its products across the aerospace and automotive markets. However, he company’s business in the energy markets remain under pressure due to depressed oil prices.
Let’s have a quick look at this metal processor’s second-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Reliance Steel for the second quarter has been going up over the past one week. Reliance Steel has beat the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average positive surprise of 4.6%.
Reliance Steel & Aluminum Co. Price and EPS Surprise

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