Reliance (RS) Up 24% in 6 Months: Will the Momentum Continue? [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
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Source: Yahoo! Finance
It has also topped the S&P 500's roughly 15.9% rise over the same period. Let's dive into the factors behind this Zacks Rank #3 (Hold) stock's price appreciation. Image Source: Zacks Investment Research Strong Demand, Acquisitions Drive Reliance Reliance is gaining from strong underlying demand in its major markets. It anticipates continued healthy demand trends in the first quarter of 2024 despite ongoing macroeconomic uncertainties and geopolitical issues. Demand in non-residential construction, the company's biggest 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, stabil
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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