Yahoo Finance Radius Recycling Second Quarter 2024 Earnings: EPS Misses Expectations
Radius Recycling (NASDAQ:RDUS) Second Quarter 2024 Results
Key Financial Results
Revenue: US$621.1m (down 18% from 2Q 2023).
Net loss: US$33.9m (down from US$4.13m profit in 2Q 2023).
US$1.19 loss per share (down from US$0.15 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Radius Recycling EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%.
Looking ahead, revenue is expected to decline by 1.2% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the US are expected to grow by 4.5%.
Performance of the American Metals and Mining industry.
The company's shares are down 7.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Radius Recycling has 2 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
