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• Olympic Steel Inc ZEUS.OQ reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $1.30. The mean expectation of three analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 51 cents to 57 cents per share.

• Revenue fell 7.6% to $526.25 million from a year ago; analysts expected $536.88 million.

• Olympic Steel Inc's reported EPS for the quarter was 66 cents​.

• The company reported quarterly income of $7.66 million.

• Olympic Steel Inc shares had risen by 5.8% this quarter and lost 28.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 43.6% in the last three months.​

• In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and "sell" or "strong sell."

• The average consensus recommendation for the iron & steel peer group is "hold."

Wall Street's median 12-month price target for Olympic Steel Inc is $54.00

This summary was machine generated from LSEG data August 2 at 09:56 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)