RS Stock Recent News
RS LATEST HEADLINES
Reliance (RS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Commodities are in another super-cycle, as shown by the performance of the Bloomberg Commodity Index diverging from stock and bond indices. Reliance Inc. is a compelling option in the steel industry, with steady revenue growth and a large customer base. RS has competitive advantages in terms of margins, capital-light growth, and surplus cash flow, making it an attractive buy with potential for value creation.
Here is how Reliance (RS) and SilverCrest Metals Inc. (SILV) have performed compared to their sector so far this year.
Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of Reliance (RS) and Lynas Corp. (LYSDY). But which of these two stocks offers value investors a better bang for their buck right now?
Reliance (RS) gains on strong underlying demand in its major markets and strategic acquisitions.
SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that its management team will participate in the following upcoming investor conferences:
Reliance (RS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The heavy selling pressure might have exhausted for Reliance (RS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Reliance's (RS) first-quarter earnings and sales lag their respective estimates on lower shipments and prices.
Reliance, Inc. (NYSE:RS ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Kim Orlando – ADDO Investor Relations Karla Lewis – President and Chief Executive Officer Steve Koch – Executive Vice President and Chief Operating Officer Arthur Ajemyan – Senior Vice President and Chief Financial Officer Conference Call Participants Phil Gibbs – KeyBanc Capital Markets Martin Englert – Seaport Search Partners Timna Tanners – Wolfe Research Operator Greetings, and welcome to Reliance, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.