Radius Recycling Beats Earnings, Revenue Slightly Misses Forecasts
NEW YORK (Investing.com) – Radius Recycling (NASDAQ: RDUS) reported second-quarter earnings results that were smaller than analysts expected, while revenue missed consensus estimates.
Radius reported second-quarter EPS of -$0.99, better than the -$1.00 forecast. Revenue of $642.51 million was slightly below the $644.88 million estimate from Wall Street analysts.
Despite the mixed financial results, RDUS stock has enjoyed a strong run recently, closing at $29.12. The stock has gained 97.42% over the past 3 months and posted an impressive 43.89% gain over the past 12 months.
However, in the last 90 days, the company has not recorded any positive EPS revisions, while there have been 2 negative EPS revisions. This shows that the market sentiment is still cautious despite the stock's bullish momentum.
According to data from InvestingPro, Radius Recycling's current Financial Health score is rated as "Fair Performance", reflecting its ability to maintain stable operations in volatile market conditions.
Those interested in RDUS stock performance can follow the earnings release schedule and detailed financial analysis on the Investing.com platform to make timely investment decisions.
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