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Recap: Olympic Steel Q1 Earnings

Olympic Steel (NASDAQ:ZEUS) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:30 PM. Here’s what…
byBenzinga Insights
May 4, 2023
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Olympic Steel (NASDAQ:ZEUS) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:30 PM.

Here’s what investors need to know about the announcement.

Earnings

Olympic Steel beat estimated earnings by 61.97%, reporting an EPS of $1.15 versus an estimate of $0.71.

Revenue was down $123.26 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07 which was followed by a 1.33% increase in the share price the next day.

Here’s a look at Olympic Steel’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.21 0.93 2.72 2.16
EPS Actual 0.28 1.14 3.26 3.10
Revenue Estimate 568.63M 651.47M 653.94M 544.55M
Revenue Actual 520.04M 634.44M 709.18M 696.33M

To track all earnings releases for Olympic Steel visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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