Core Viewpoint - The market anticipates a year-over-year decline in earnings for Reliance due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Reliance is expected to report earnings of $3.66 per share, reflecting a year-over-year change of -0.4%, with revenues projected at $3.57 billion, down 1.9% from the previous year [3][12]. - The earnings report is scheduled for July 23, and better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - Reliance's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.38%, suggesting a bullish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 [10]. - Reliance currently holds a Zacks Rank of 1, enhancing the likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Reliance exceeded the expected earnings of $3.66 per share by delivering $3.77, resulting in a surprise of +3.01% [13]. - Over the past four quarters, Reliance has only beaten consensus EPS estimates once [14]. Conclusion - Reliance is positioned as a compelling candidate for an earnings beat, but investors should consider other influencing factors before making investment decisions [17].

Wall Street expects a year-over-year decline in earnings on lower revenues when Reliance (RS) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 23, 2025, might help the stock move higher if these key numbers are better than expectations ...