Why Is Reliance (RS) Up 3.7% Since Last Earnings Report?

Core Viewpoint - Reliance shares have increased by approximately 3.7% since the last earnings report, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings release [1] Group 1: Earnings Report and Estimates - Fresh estimates for Reliance have trended upward over the past month, with the consensus estimate shifting by 16.54% [2] - The most recent earnings report indicates important drivers that may influence future performance [1] Group 2: VGM Scores - Reliance has a subpar Growth Score of D, a Momentum Score of C, and a Value Score of B, placing it in the second quintile for the value investment strategy [3] - The aggregate VGM Score for Reliance is C, which is relevant for investors not focused on a single strategy [3] Group 3: Outlook - The upward trend in estimates and the magnitude of revisions appear promising for Reliance [4] - Reliance holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4]