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SCOTTSDALE, Ariz., July 11, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report second quarter 2024 financial results for the period ended June 30, 2024, on Thursday, July 25, 2024, 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 reliance.com.
While Reliance (RS) faces headwinds from pricing pressure, it benefits from strong demand in its major markets and acquisitions.
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.