DailyIQ
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Sector:Basic MaterialsAll sectors
Last updated 8 minutes ago

RS·Reliance, Inc.

$.
+. (+.%)
After Hours
High
$411.90
Open
$399.38
Market Cap
20.49B
52W High
$419.83
Low
$395.63
P. Close
$408.25
P/E
22.93
52W Low
$260.31
Fwd P/E
18.50
DailyIQ Est.
$394.61
Technical Score (1D)
100
BUY
News Sentiment
85
BULLISH
Reliance Inc. has seen its revenue growth reinforced by the continued application of U.S. steel tariffs, a development that has bolstered the company’s top line over the past week. The tariff support has lifted the price of steel components, allowing Reliance to maintain higher margins on its core products. In parallel, the rapid expansion of data center construction has driven a surge in demand for the company’s high‑performance steel, further expanding its sales volume. While the product mix remains a concern—particularly the relative share of lower‑margin items—the overall margin outlook remains solid thanks to the tariff‑induced price lift. For the next 1–10 trading days, the key risk is any adjustment to U.S. steel tariffs, which could reduce the price advantage and compress revenue growth. Another risk is a slowdown in data center construction, which would dampen the demand surge that has been propelling sales. Traders should watch for any announcements from the U.S. Trade Representative or the Department of Commerce regarding tariff changes, as well as construction permits and project approvals in the data center sector. Monitoring the company’s quarterly product mix disclosures will also be important, as a shift toward lower‑margin items could erode the current margin stability. Finally, keep an eye on broader steel market dynamics, such as supply constraints and price volatility, which could indirectly influence Reliance’s cost structure and pricing power.
Earnings Summary
Reliance, Inc. (RS) is a North American metals solutions provider headquartered in Phoenix, Arizona, distributing a broad range of alloy, aluminum, brass, copper, and steel products while offering processing services to sectors such as construction, transportation, aerospace, and energy. In the basic materials steel industry, the company serves OEMs and fabricators through a direct sales model, positioning it as a key supply chain partner. In its most recent reported quarter, Q2 2026, RS posted earnings per share of $6.27 against an estimate of $5.58 and revenue of $4.63 billion versus an estimate of $4.37 billion, marking a 48% revenue increase and a 184% EPS jump from the prior quarter, Q4 2024, which reported $2.22 EPS against a $2.73 estimate and $3.13 billion in revenue; the Q4 result fell short of expectations, while Q2 2026 exceeded them, indicating a mixed beat/miss pattern over the two quarters. Historically, the company has shown a strong year‑over‑year revenue trajectory, with the latest quarter’s $4.63 billion surpassing the $3.13 billion of Q4 2024, and has delivered EPS beats in its most recent quarter, though earlier quarters lack data for a full streak analysis. Recent news highlights that U.S. steel tariffs have supported top‑line growth and higher margins, while the rapid expansion of data‑center construction has driven demand for high‑performance steel, and a new Department of Homeland Security border‑wall contract contributed to early revenue gains; these developments align with the robust sales volume reported in Q2 2026. Investors should watch for any changes to U.S. steel tariff policy, shifts in data‑center construction activity, and potential supply‑chain disruptions that could affect lead times, as well as the performance of the DHS contract, all of which could materially influence RS’s margin stability and revenue outlook in the next quarter.

EPS

EstBeatMiss
$1.55$3.00$4.44$5.88$7.32Q4'24Q2'26Q3'26
QtrEstActual+/−
Q3'26$6.66 - -
Q2'26$5.58$6.27+12.4%
Q4'24$2.73$2.22-18.5%

Revenue

EstBeatMiss
$2.9B$3.4B$3.9B$4.4B$4.9BQ4'24Q2'26Q3'26
QtrEstActual+/−
Q3'26$4.2B - -
Q2'26$4.4B$4.6B+5.9%
Q4'24 - $3.1B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

RS Stock Snapshot

RS is currently trading at $407.83, giving Reliance, Inc. a market cap of 20.49B and a P/E ratio of 22.9. Today's range spans $395.63–$411.90, with shares opening at $399.38 and moving down $0.42 (0.1%) from the prior close. DailyIQ's technical score sits at 100/100 (BUY) with a news sentiment reading of 85/100.

Over the past year RS has traded between $260.31 and $419.83 - the current price is +56.7% off the 52-week low and -2.9% from the high. 19 analysts cover the stock with a Hold consensus and a mean 12-month target of $392.00 (range $350.00–$425.00), implying downside of -3.9%.

RS is scoring 100/100 technically (BUY) and sits at $407.83 - near 52-week highs in its $260.31–$419.83 annual range. Sentiment at 85/100 is bullish. At 20.49B in Basic Materials market cap The current P/E ratio stands at 22.9., this is the tier where earnings revision cycles have the most impact on price: upward revisions in a large-cap company with bullish momentum tend to attract analyst upgrades, which in turn attract new institutional mandates.

The combination of a BUY signal (100/100) and bullish news sentiment (85/100) puts RS on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 20.49B in Basic Materials market cap without immediately moving the stock. At $407.83 (near 52-week highs in the $260.31–$419.83 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.