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While Reliance Steel (RS) faces headwinds from weak pricing, it benefits from strong demand in its major markets and acquisitions.
Reliance Steel (RS) benefits from robust underlying demand in its key markets amid pricing pressure.
Reliance Steel (RS) is expected to continue to gain from strong demand in key markets and its growth actions in the near term.
While Reliance Steel (RS) faces headwinds from pricing pressure, it gains on strong demand in its major markets and acquisitions.
Demand in the semiconductor market of Reliance Steel (RS) falls in Q2 due to market softness in certain regions.
Reliance Steel (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Reliance Steel (RS) is benefiting from positive market conditions and an aggressive acquisition strategy.
SCOTTSDALE, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report second quarter 2023 financial results for the period ended June 30, 2023, on Thursday, July 27, 2023, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at www.rsac.com.
Reliance Steel (RS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Reliance Steel (RS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.