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Sector:Basic MaterialsAll sectors
Last updated3 minutes ago

RS·Reliance, Inc.

$400.49
+2.25 (+0.56%)
Market Closed (Overnight)$400.51+0.02 (+0.00%)
High
$404.36
Open
$398.13
Market Cap
20.59B
52W High
$433.02
Low
$394.30
P. Close
$400.49
P/E
23.04
52W Low
$260.31
Fwd P/E
17.36
DailyIQ Est.
$409.81
Inst. Ownership
38.9%
Short Interest
1.88%
Days to Cover
3.3
Technical Score (1D)
50
NEUTRAL
News Sentiment
50
MIXED
Reliance’s CEO and COO will present at the 2026 Jefferies Global Industrials Conference on September 9, a routine investor‑relations event that does not alter guidance or strategic direction, so traders should treat it as a neutral catalyst. The announcement comes just 42 hours after the company confirmed its participation, underscoring RS’s intent to engage analysts but offering no new data that would shift near‑term expectations. A month earlier, Wells Fargo lowered its price target to $391 from $398 while keeping an equal‑weight recommendation, reflecting a modest reassessment of RS’s valuation amid margin compression concerns; this downgrade may weigh on short‑term sentiment if investors interpret it as a warning about cost pressures. The market’s reaction to the Q2 earnings beat—despite higher shipments, firmer pricing, and a U.S. border wall contribution—was muted, with the stock falling 3.8–9.1% as investors questioned whether the bullish case remains justified; this suggests that earnings strength alone may not be enough to lift the stock if broader market uncertainty or valuation concerns persist. RS’s recent 52‑week high and upward revisions to earnings estimates over the past 60 days signal momentum, but the price target cut and earnings‑beat skepticism indicate that the next 1–10 trading days will hinge on how the company manages margin compression and whether it can translate its demand outlook into sustained profitability. Watch for the upcoming earnings guidance and any updates on cost‑control initiatives, as these will clarify whether the valuation reassessment is warranted. Additionally, monitor the Jefferies conference webcast for any qualitative insights that could influence analyst sentiment. Finally, keep an eye on sector‑wide demand for renewable energy and defense aerospace projects, which could provide second‑order upside if RS secures new contracts.
Earnings Summary
Reliance, Inc. (RS) is a North American metals solutions provider headquartered in Phoenix, Arizona, specializing in the distribution and processing of a broad range of metal products—including alloy, aluminum, brass, copper, and steel—serving sectors such as consumer goods, construction, transportation, aerospace, and energy. Operating primarily in the United States and Canada, the company’s direct‑sales model targets original equipment manufacturers, positioning it as a critical supply‑chain partner in the basic materials industry. In Q4 2024, RS reported earnings per share of $2.22 against an estimate of $2.725 while generating $3.13 billion in revenue, indicating a modest revenue increase but a miss on EPS that suggests margin pressure. The following quarter, Q2 2026, saw a stronger performance with EPS of $6.27 versus an estimate of $5.58 and revenue of $4.63 billion against an estimate of $4.37 billion, reflecting accelerated growth and a positive earnings beat. Although the Q3 2026 EPS figure is not yet available, revenue guidance of $4.80 billion indicates continued upward momentum. Historically, RS has demonstrated a consistent YoY revenue growth trajectory, with recent quarters showing higher shipments and firmer pricing that have helped offset margin compression concerns; the company has frequently beaten analyst estimates in the last three quarters, underscoring its ability to generate earnings surprises. Recent news highlights a Wells Fargo note that trimmed RS’s price target to $391, citing margin compression in telecom‑related segments, and a market reaction that saw the stock fall 9.1% after the Q2 2026 earnings beat, reflecting investor caution amid pricing volatility. Investors should watch the upcoming Q3 earnings release for updated revenue and margin guidance, any commentary on cost‑control initiatives, and the impact of the U.S. border‑wall project contribution, as these factors will be key to assessing whether the company can sustain its recent earnings strength and address valuation concerns.

EPS

EstBeatMiss
$1.56$2.99$4.43$5.87$7.31Q4'24Q2'26Q3'26
QtrEstActual+/−
Q3'26$6.65 - -
Q2'26$5.58$6.27+12.4%
Q4'24$2.73$2.22-18.5%

Revenue

EstBeatMiss
$2.9B$3.4B$4.0B$4.5B$5.1BQ4'24Q2'26Q3'26
QtrEstActual+/−
Q3'26$4.8B - -
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

HOLD50/100
$400.51+$0.02 (0.0%)
Market cap
20.59B
P/E ratio
23.0
Day range
$394.30 – $404.36
News sentiment
50/100 · Neutral
Analyst target
$408.62 (+2.0%)
Consensus
Hold · 19 analysts
52-week range+53.9% off low · -7.5% from high
$260.31$433.02
Price $400.51 DailyIQ Est. $409.81

RS is in a holding pattern - neither trend nor momentum has taken control. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.

Reverse DCF

What growth is priced into RS?

RICH

At today's price, Reliance, Inc. needs to grow free cash flow about 24.6% a year for the next 10 years to justify its valuation at a 8.28% cost of capital. Over its actual history it has compounded free cash flow at 9.0% a year, so the market is asking for 15.7 percentage points above its own delivered rate. On that basis RS looks priced above what its own growth record supports.

Implied FCF growth
24.6%
Historical FCF CAGR
9.0%
Growth gap
+15.7 pts
Verdict
RICH
Discount rate (WACC)
8.28%
Beta
0.77

Behaviour On Record

What RS's own history says about today's numbers

Realized volatility (21d)
32.0% 79th pct
Below its peak
-7.0%
vs 200-day average
+16.3%
Up days (1y)
53%

Reliance, Inc. is currently running 32.0% annualised volatility over the last 21 sessions. Measured against RS's own 13 years of daily returns rather than a market-wide average, that is the 79th percentile — elevated for this stock, against a typical reading of 24.7%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

RS is trading -7.0% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -22.1%, and the deepest was -41.2% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +16.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 80th percentile — a wider gap than this stock usually carries. Over the past year RS closed higher on 53% of sessions, and it is currently 1 session into a rising streak.

On September specifically: over 13 years of records, RS finished the month higher 4 of 13 times, with a median return of -2.8% and an average of -1.3%. Its strongest month historically has been February at +5.5% on average, its weakest August at -1.6%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: RS has opened more than 2% away from the prior close in 147 of 3,269 sessions (4.5% of the time), with the largest gaps running +9.6% and -9.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,270 daily closes between 2013-09-05 and 2026-09-04, split-adjusted, recomputed daily. Percentiles are against RS's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of RS's sector?

Reliance, Inc. sits in the Materials sector, currently ranked 3rd of 11 GICS sectors by relative-strength rotation score (weakening).

Sector rank
#3 of 11
Sector state
Weakening
Sector rotation score
40

Options Market

What is the options market pricing for RS?

CallsPuts

For Reliance, Inc.'s nearest expiry (2026-09-18, 13 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.40), with at-the-money implied volatility around 35.5%. The options market is pricing roughly a ±6.1% move by that expiry — a range of about $367.30–$414.70.

Put/call ratio (2026-09-18)
0.40
ATM implied volatility
35.5%
Total open interest
292
Expected move by 2026-09-18
±6.1% ($367.30–$414.70)

RS Competitive Positioning

Reliance, Inc. (RS) is tracked alongside these names in Steel on DailyIQ — ranked by market cap, with today's move alongside.

Held by These ETFs

RS is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.