SCHNITZER STEEL INDS INC-A (SCHN) Forecast, Price Target & Analyst Ratings

NASDAQ:SCHN • US8068821060

Current stock price

33.2 USD
-0.19 (-0.57%)
At close:
33.2 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for SCHNITZER STEEL INDS INC-A (SCHN).

Forecast Snapshot

Consensus Price Target

Price Target
$35.70
+ 7.53% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Oct 23, 2023
Period
Q4 / 2023
EPS Estimate
$0.36
Revenue Estimate
735.73M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
48.89%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$35.70
Upside
+ 7.53%
From current price of $33.20 to mean target of $35.70, Based on 9 analyst forecasts
Low
$35.35
Median
$35.70
High
$36.75

Price Target Revisions

1 Month
0.00%
3 Months
-7.89%

Price Target Summary

9 Wall Street analysts provided a forecast for the next 12 months for SCHN. The average price target is 35.7 USD. This implies a price increase of 7.53% is expected in the next year compared to the current price of 33.2.
The average price target has been revised downward by 7.89% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

SCHN Current Analyst RatingSCHN Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5 2 2.5

Analyst Ratings History

SCHN Historical Analyst RatingsSCHN Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
48.89%
SCHN was analyzed by 6 analysts. The buy percentage consensus is at 43. So analysts seem to be rather negative about SCHN.
In the last month the buy percentage fell by 37 points. So the trust of analysts is decreasing.
SCHN was analyzed by 6 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-10-06Goldman SachsMaintains Buy
2022-05-31Goldman SachsMaintains Buy
2022-05-19KeybancDowngrade Overweight -> Sector Weight
2022-04-20KeybancMaintains Overweight
2022-04-08KeybancMaintains Overweight
2021-07-19Northland Capital MarketsInitiate Outperform
2021-04-09Goldman SachsInitiate Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Oct 23, 2023
Period
Q4 / 2023
EPS Estimate
$0.36
Revenue Estimate
735.73M
Revenue Q2Q
-17.74%
EPS Q2Q
-28.60%
Number of Analysts
3

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
-14.09%
EPS (1 Month)
0.00%
EPS (3 Months)
-39.66%

Next Earnings Summary

SCHN is expected to report earnings on 10/23/2023. The consensus EPS estimate for the next earnings is 0.36 USD and the consensus revenue estimate is 735.73M USD.
The next earnings revenue estimate has been revised downward by 14.09% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2023 - 2025

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025
Revenue
YoY % growth
SCHN revenue by date.SCHN revenue by date.
238.6M
37.68%		229.973M
-3.62%		3.486B
1,415.75%		2.945B
-15.51%		2.827B
-4.01%		3.537B
25.11%
EBITDA
YoY % growth
SCHN ebitda by date.SCHN ebitda by date.
-80.71M
26.55%		-53.157M
34.14%		299.866M
664.11%		142.09M
-52.62%		183.29M
29.00%		306.37M
67.15%
EBIT
YoY % growth
SCHN ebit by date.SCHN ebit by date.
-82.4M
26.56%		-54.317M
34.08%		224.813M
513.89%		51M
-77.31%		79.866M
56.60%		202.62M
153.70%
Operating Margin
SCHN operating margin by date.SCHN operating margin by date.
-34.53%-23.62%6.45%1.73%2.83%5.73%
EPS
YoY % growth
SCHN eps by date.SCHN eps by date.
0.42
-80.09%		6.09
1,350.00%		6.05
-0.66%		0.77
-87.36%		1.63
113.33%		5.14
215.00%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24
EPS
Q2Q % growth		0.36
-28.60%		0.46
204.32%		0.45
220.57%		0.64
-4.09%
Revenue
Q2Q % growth		735.73M
-17.74%		816.87M
36.43%		837.78M
10.82%		894.21M
10.45%
EBITDA
Q2Q % growth		44.37M
-51.05%		N/AN/AN/A
EBIT
Q2Q % growth		21.012M
34.80%		23.016M
235.21%		22.507M
153.49%		29.457M
32.93%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

SCHN Yearly Revenue VS EstimatesSCHN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
SCHN Yearly EPS VS EstimatesSCHN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
-5.28%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
0.57%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
8.05%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

SCHNITZER STEEL INDS INC-A / SCHN Forecast FAQ

Can you provide the average price target for SCHNITZER STEEL INDS INC-A stock?

9 analysts have analysed SCHN and the average price target is 35.7 USD. This implies a price increase of 7.53% is expected in the next year compared to the current price of 33.2.

When does SCHNITZER STEEL INDS INC-A (SCHN) report earnings?

SCHNITZER STEEL INDS INC-A (SCHN) will report earnings on 2023-10-23, before the market open.

Can you provide the consensus estimates for SCHNITZER STEEL INDS INC-A next earnings?

The consensus EPS estimate for the next earnings of SCHNITZER STEEL INDS INC-A (SCHN) is 0.36 USD and the consensus revenue estimate is 735.73M USD.

What is the expected long term growth rate for SCHN stock?

The expected long term growth rate for SCHNITZER STEEL INDS INC-A (SCHN) is 0.57%.