Radius Recycling (RDUS) Reports Q4 Loss, Tops Revenue Estimates

Company Performance - Radius Recycling reported a quarterly loss of $0.41 per share, which was better than the Zacks Consensus Estimate of a loss of$ 0.79, and compared to earnings of $0.47 per share a year ago, indicating an earnings surprise of 48.10% [1] - The company posted revenues of$ 770.82 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 13.19%, and up from $717.93 million in the same quarter last year [1] - Over the last four quarters, Radius Recycling has exceeded consensus EPS estimates four times and topped consensus revenue estimates three times [1] Stock Performance - Radius Recycling shares have declined approximately 44.8% since the beginning of the year, contrasting with the S&P 500's gain of 21.5% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$ 0.66 on revenues of $648.3 million, and for the current fiscal year, it is -$ 1.02 on revenues of $2.75 billion [4] - The trend of estimate revisions for Radius Recycling is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Waste Removal Services industry, to which Radius Recycling belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [5] - Enviri (NVRI), another company in the same industry, is expected to report quarterly earnings of$ 0.05 per share, with revenues projected to be $612.1 million, reflecting a 16.7% increase from the previous year [5]