DailyIQ
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Sector:Basic MaterialsAll sectors
Last updated 100 days ago

RS·RS

$.
-. (-.%)
After Hours
High
$352.90
Open
$352.50
Market Cap
17.96B
52W High
$365.59
Low
$339.10
P. Close
$356.25
P/E
24.66
52W Low
$250.07
Fwd P/E
-
Mean Target
-
Technical Score (1D)
82
BUY
News Sentiment
63
BULLISH
RS is attracting attention following positive analyst projections for earnings and revenue growth, particularly within its industrial distribution segment. These forecasts suggest a potential for continued expansion in the sector, which could drive further investment in related companies. The positive momentum observed in RS's stock over the past month reflects this optimism. However, the current valuation, trading above analyst targets, raises questions about whether the market has fully priced in future growth expectations. Traders should watch for upcoming earnings reports from other industrial distributors to gauge the broader health of the sector and confirm the sustainability of the projected growth.
Earnings Summary
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company primarily in the United States and Canada. The company operates within the Steel industry, a subset of the Basic Materials sector. The company's most recent earnings report showed an EPS of $2.22 and revenue of $3,126,600,000.0 in Q4 2024. Not enough information is available to compare the last two quarters to the prior two quarters. The company missed estimates in Q4 2024. Not enough information is available to analyze historical streaks. The upcoming earnings release and subsequent call will be critical for understanding the company's trajectory. Investors should watch for the upcoming earnings release and conference call to assess the company's performance, and the company's ability to meet expectations will be a key factor in its future performance.

EPS

EstBeatMiss
$2.14$2.31$2.47$2.64$2.80Q4'24
QtrEstActual+/−
Q4'24$2.73$2.22-18.5%

Revenue

EstBeatMiss
$3.1B$3.1B$3.1B$3.1B$3.1BQ4'24
QtrEstActual+/−
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 $343.43, giving RS a market cap of 17.96B and a P/E ratio of 24.7. Today's range spans $339.10–$352.90, with shares opening at $352.50 and moving down $12.82 (3.6%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 63/100.

Over the past year RS has traded between $250.07 and $365.59 - the current price is +37.3% off the 52-week low and -6.1% from the high.

The Basic Materials sector has plenty of names, but RS is one of the few right now where technical and sentiment data are both bullish. Score: 82/100 (BUY). Sentiment: bullish (63/100). Price: $343.43 (in the upper portion of its 52-week range). The current P/E ratio stands at 24.7. With 17.96B in market cap, this is the scale where fundamental thesis and technical setup reinforce rather than compete with each other. Annual range: $250.07–$365.59.

Earnings revision cycles in large-cap Basic Materials names tend to compound: when technicals confirm a BUY thesis (82/100) and news sentiment (63/100, bullish) supports the narrative, analyst upgrades follow price rather than lead it. At $343.43 (in the upper portion of its 52-week range), RS's position within the $250.07–$365.59 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.

Recent News Coverage

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