Here's Why You Should Hold Onto Reliance (RS) Stock for Now [Yahoo! Finance]
Reliance, Inc. (RS)
Last reliance, inc. earnings: 4/23 06:50 am
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US:NYSE Investor Relations:
investor.rsac.com
Company Research
Source: Yahoo! Finance
Shares of Reliance, a Zacks Rank #3 (Hold) stock, have gained 27.8% in the past year compared with 1.8% rise of the industry. Image Source: Zacks Investment Research Strong Demand, Acquisitions Aid RS Reliance is benefiting from strong underlying demand in its major markets. Non-residential construction, Reliance's primary market, saw a notable improvement in 2023, with optimism for continued growth in the first quarter of 2024. Commercial aerospace demand remained strong, supported by defense appropriations. Toll processing services for the automotive sector witnessed growth, with expectations for further improvement. Overall manufacturing demand improved modestly, driven by organic growth investments. Although the semiconductor market declined due to inventory issues, stability was observed in the fourth quarter. Reliance remains optimistic about long-term prospects, buoyed by the CHIPS Act and investments in capacity expansion in the United States. Reliance anticipates c
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RS
News
- Reliance, Inc. (NYSE: RS) had its price target lowered by analysts at BMO Capital Markets from $355.00 to $345.00. They now have an "outperform" rating on the stock.MarketBeat
- Reliance's (RS) Earnings & Revenues Miss Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Reliance (RS) Q1 Earnings and Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Reliance, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Reliance, Inc. Reports First Quarter 2024 Financial ResultsGlobeNewswire
RS
Earnings
- 4/25/24 - Miss
RS
Sec Filings
- 4/25/24 - Form 8-K
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- RS's page on the SEC website