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Reliance recently reported that analysts expect a year-over-year increase in earnings and revenue for the quarter ended June 2026, ahead of its earnings announcement on July 22. This optimism, reinforced by analyst commentary pointing to a possible earnings beat, has drawn attention to how Reliance’s fundamentals align with these elevated expectations. With analysts increasingly confident about a potential earnings beat, we’ll examine how this growing optimism influences Reliance’s existing investment narrative. AI is about to change healthcare. These 39 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own Reliance, you need to believe in its role as a large, diversified metals processor that can convert modest demand growth into resilient earnings through pricing discipline, value added processing and capital deployment. The latest analyst optimism about a possible Q2 2026 earnings beat could reinforce this confidence in the short term, but it does not materially change the key near term swing factor of pricing versus input cost inflation, or the risk that weaker end markets pressure volumes and margins. The most relevant recent announcement here is Reliance’s Q1 2026 update, where management guided to higher tons sold in Q2 2026 compared with both Q1 2026 and Q2 2025, tied in part to ongoing project activity such as the DHS border wall contract. That guidance sits alongside the current bullish earnings expectations and puts extra focus on whether the company can sustain volume growth without sacrificing pricing, especially as inflation driven cost pressures and trade policy uncertainty remain very much in view. Yet behind the upbeat earnings expectations, investors should be aware that Reliance’s ability to pass through rising raw material and wage costs remains... Read the full narrative on Reliance (it's free!) Reliance's narrative projects $16.9 billion revenue and $1.1 billion earnings by 2029. This requires 4.4% yearly revenue growth and roughly a $300 million earnings increase from $804.6 million today. Uncover how Reliance's forecasts yield a $377.57 fair value, a 5% downside to its current price. Simply Wall St Community members have only two fair value estimates for Reliance, spanning a wide US$87 to US$378 per share range. Agai...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Analyst expectations around Reliance (RS) have become a key talking point after forecasts pointed to higher earnings and revenue for the June 2026 quarter, with sentiment firming ahead of the upcoming report. See our latest analysis for Reliance. Reliance’s recent share price action has been strong, with a 5.18% 7 day share price return and 21.65% 90 day share price return. The 1 year total shareholder return of 21.72% points to momentum that investors are watching closely. If earnings expectations for Reliance have caught your attention, this could be a good moment to see what else is moving in related areas and check out 8 top copper producer stocks After a run that has pushed Reliance close to analyst targets and against a backdrop of upbeat earnings forecasts, the key issue now is whether the current price still offers a favourable risk reward or has a lot already priced in. The most followed narrative currently places Reliance’s fair value at about $378 versus the last close of $396.02, framing today’s valuation debate around modest downside. Read the complete narrative. Curious how Reliance reaches that fair value figure? The narrative leans heavily on steady volume gains, improving margins, and a richer future earnings multiple. The exact mix of revenue growth, profitability and valuation assumptions might surprise you. Result: Fair Value of $378 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Reliance still carries clear risks, including potential margin pressure from cost inflation and weaker demand in key end markets. These factors could challenge the current fair value narrative. Find out about the key risks to this Reliance narrative. Given the mix of optimism and concern around Reliance, this is a moment to look at the numbers yourself and decide how comfortable you are with the current balance of risk and reward. To weigh those trade offs quickly and form your own view, start with the 1 key reward and 1 important warning sign If Reliance has sharpened your focus, do not stop here. Use the Simply Wall St screener to hunt for other stocks that fit your approach. Target stronger balance sheets by checking companies that pass the solid balance sheet and fundamentals stocks scr...

Wall Street expects a year-over-year increase in earnings on higher revenues when Teck Resources Ltd (TECK) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +185.2%. Revenues are expected to be $2.31 billion, up 58.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 3.52% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significa...

The market expects Reliance (RS) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 22. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This metals service-center company is expected to post quarterly earnings of $5.33 per share in its upcoming report, which represents a year-over-year change of +20.3%. Revenues are expected to be $4.16 billion, up 13.7% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ES...

PHOENIX, July 08, 2026 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report second quarter 2026 financial results for the period ended June 30, 2026, on Wednesday, July 22, 2026, after the market closes. Reliance management will host a conference call on Thursday, July 23, 2026, at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com. Reliance, Inc. Second Quarter 2026 Conference Call Details For those unable to participate during the live broadcast, a replay of the call will also be available beginning that same day at 2:00 p.m. Eastern Time until 11:59 p.m. Eastern Time on August 6, 2026, by dialing (844) 512-2921 (U.S. and Canada) or (412) 317-6671 (International) and entering the conference ID: 13761219. The webcast will remain posted on the Investors section of Reliance’s website at reliance.com for 90 days. About Reliance, Inc.Founded in 1939, Reliance, Inc. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of approximately 310 locations in 41 states and 10 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full-line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and value-added processing services. In 2025, Reliance’s average order size was $3,120, approximately 49% of orders included value-added processing, and approximately 40% of orders were delivered within 24 hours. Reliance’s press releases and additional information are available on the Company’s website at reliance.com. CONTACT: (213) [email protected] or Addo Investor Relations(310) 829-5400

It has been about a month since the last earnings report for Reliance (RS). Shares have added about 5.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Reliance due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Reliance, Inc. before we dive into how investors and analysts have reacted as of late. Reliance posted profits of $264.9 million or $5.10 per share for the first quarter of 2026, up from $199.7 million or $3.74 per share in the year-ago quarter. Barring one-time items, the company recorded earnings of $5.16 per share. It outpaced the Zacks Consensus Estimate of $4.63. The company reported net sales of $4,026 million, representing a year-over-year increase of approximately 15.5%. The top line also beat the Zacks Consensus Estimate of $3,835.3 million. Reliance reported a 2.7% year-over-year increase in shipments (thousand tons sold) to 1,672.7. The figure surpassed our estimate of 1,633.8. The average selling price per ton rose 12.6% year over year to $2,414. It was above our estimate of $2,362.2. Demand for non-residential construction, including infrastructure, Reliance’s largest end market by volume, strengthened compared with the first quarter of 2025. The company expects demand in this sector to remain healthy through the second quarter of 2026, supported by strong activity across data centers, energy infrastructure and public infrastructure. Demand within the broader manufacturing market improved year over year, driven by growth across the military, industrial machinery, consumer products, construction machinery sectors and shipbuilding. Reliance expects the demand to remain healthy in the second quarter. Aerospace demand was higher compared with the prior-year quarter. Reliance expects commercial aerospace demand to remain consistent in the second quarter due to build-rate increases, while defense and space-related activity is expected to remain strong. Demand for automotive toll processing services remained flat year over year. Reliance expects steady performance through the second quarter. The company’s toll processing operations remain agile and responsive to the automotive market’s demand fluctuations. In the semiconductor market, demand improved relative t...

Reliance (RS) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this metals service-center company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Reliance, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $5.16 per share, which is a change of +16.5% from the year-ago reported number. Over the last 30 days, two estimates have moved higher for Reliance compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 14.55%. For the full year, the company is expected to earn $18.70 per share, representing a year-over-year change of +31.1%. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, three estimates have moved up for Reliance versus no negative revisions. This has pushed the consensus estimate 8.85% higher. The promising estimate revisions have helped Reliance earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Reliance shares have added 19.8% over the past four weeks, suggesting that investors are betting on its im...

In April 2026, Reliance, Inc. reported first-quarter 2026 results showing sales of US$4,026 million and net income of US$264.9 million, higher than a year earlier, alongside continued share repurchases, a US$1.25 quarterly dividend declaration, and new guidance calling for higher tons sold in the second quarter. Taken together, the stronger earnings, ongoing buybacks under a long-running repurchase program, and volume growth guidance highlight Reliance’s focus on both operational performance and direct cash returns to shareholders. We’ll now examine how this combination of solid quarterly earnings and guidance for higher tons sold could influence Reliance’s existing investment narrative. Invest in the nuclear renaissance through our list of 91 elite nuclear energy infrastructure plays powering the global AI revolution. To own Reliance, Inc., you have to believe in its ability to convert cyclical metal demand into steady cash generation while managing pricing and cost pressures. The latest quarter’s higher sales and earnings, ongoing buybacks, and guidance for modest growth in tons sold support that near term earnings catalyst, but do not remove the key risk that trade policy shifts and tariffs could still drive pricing and margin volatility. The most relevant update here is Reliance’s guidance for a 1.0% to 3.0% sequential increase in tons sold in the second quarter of 2026, partly reflecting DHS border wall contract activity. For investors focused on near term volume trends as a key earnings driver, this quantified outlook helps frame expectations against ongoing concerns about softer demand in several end markets and the potential for further margin pressure. Yet even with these stronger quarterly numbers, investors should still be watching the risk that persistent trade and tariff uncertainty could... Read the full narrative on Reliance (it's free!) Reliance’s narrative projects $16.5 billion revenue and $1.0 billion earnings by 2029. Uncover how Reliance's forecasts yield a $344.38 fair value, a 5% downside to its current price. Two fair value estimates from the Simply Wall St Community span a wide range, from about US$123.06 up to roughly US$344.38 per share. Against this spread of opinions, Reliance’s recent earnings strength and guidance for higher tons sold could interact in complex ways with ongoing concerns about pricing volatility and margin press...

Reliance, Inc. RS posted profits of $264.9 million or $5.10 per share for the first quarter of 2026, up from $199.7 million or $3.74 per share in the year-ago quarter. Barring one-time items, the company recorded earnings of $5.16 per share. It outpaced the Zacks Consensus Estimate of $4.63. The company reported net sales of $4,026 million, representing a year-over-year increase of approximately 15.5%. The top line also beat the Zacks Consensus Estimate of $3,835.3 million. Reliance, Inc. price-consensus-eps-surprise-chart | Reliance, Inc. Quote Reliance reported a 2.7% year-over-year increase in shipments (thousand tons sold) to 1,672.7. The figure surpassed our estimate of 1,633.8. The average selling price per ton rose 12.6% year over year to $2,414. It was above our estimate of $2,362.2. Demand for non-residential construction, including infrastructure, Reliance’s largest end market by volume, strengthened compared with the first quarter of 2025. The company expects demand in this sector to remain healthy through the second quarter of 2026, supported by strong activity across data centers, energy infrastructure and public infrastructure. Demand within the broader manufacturing market improved year over year, driven by growth across the military, industrial machinery, consumer products, construction machinery sectors and shipbuilding. Reliance expects the demand to remain healthy in the second quarter. Aerospace demand was higher compared with the prior-year quarter. Reliance expects commercial aerospace demand to remain consistent in the second quarter due to build-rate increases, while defense and space-related activity is expected to remain strong. Demand for automotive toll processing services remained flat year over year. Reliance expects steady performance through the second quarter. The company’s toll processing operations remain agile and responsive to the automotive market’s demand fluctuations. In the semiconductor market, demand improved relative to the first quarter of 2025. Reliance expects stable to improving demand conditions in the second quarter. As of March 31, 2026, Reliance held $249.7 million in cash and cash equivalents, with total outstanding debt amounting to $1.7 billion. This includes $550 million borrowings under the company’s $1.5 billion revolving credit facility. In the first quarter, Reliance generated $151.4 million in oper...

Image source: The Motley Fool. Thursday, April 23, 2026 at 11 a.m. ET President and Chief Executive Officer — Karla R. Lewis Chief Operating Officer — Stephen P. Koch Senior Vice President and Chief Financial Officer — Arthur Ajemyan Need a quote from a Motley Fool analyst? Email [email protected] Karla R. Lewis: Good morning, everyone, and thank you for joining us to discuss our first quarter 2026 results. Reliance Steel & Aluminum Co. is off to a strong start to 2026, capitalizing on favorable market fundamentals with first quarter volumes, pricing, and earnings exceeding our expectations. Strong pricing and demand momentum continued to build throughout the quarter across our diversified product and end market portfolio. Our first quarter tons sold were a record and were up both sequentially and year over year, a result that is especially notable given the unusually strong tariff-driven demand pull-forward in the prior-year period. For the 13th consecutive quarter, we significantly outperformed broader industry shipments. Average selling price per ton sold also rose over the prior quarter, surpassing our expectations. Strong execution converted a 15% increase in sales, driven by higher shipments and prices, into significant operating leverage, driving over 30% year-over-year growth in our non-GAAP pretax income and nearly 37% year-over-year growth in non-GAAP earnings per share to $5.16. As previously announced, we also secured two significant government contracts in the first quarter to supply the Department of Homeland Security border wall and Joint Strike Fighter projects through our AMI Metals wholly owned subsidiary. We were excited to win these contracts, which collectively represent up to approximately $3 billion in revenue and further reinforce Reliance Steel & Aluminum Co.’s role as a trusted partner on critical U.S. infrastructure and defense programs. These wins illustrate our ability to support large and complex projects by leveraging the scale, logistics capabilities, processing expertise, deep supply chain relationships, and existing operating infrastructure of the Reliance Steel & Aluminum Co. family of companies. Our diversified platform allows us to concurrently meet the needs of large program partners as well as small-order quick-turn customers. As a reminder, our first quarter results did not include any contributions from the border wall cont...

This article first appeared on GuruFocus. Revenue Growth: Sales increased by 15% year-over-year. Non-GAAP Pretax Income: Grew over 30% year-over-year to $354 million. Non-GAAP Earnings Per Share: Increased nearly 37% year-over-year to $5.16. Gross Profit: $1.2 billion, up 23% from the previous quarter and 13% year-over-year. Non-GAAP FIFO Gross Profit Margin: Expanded to 30.1% from 28.5% in the previous quarter. Tons Sold: Increased 9.4% from the previous quarter and 2.7% year-over-year. Average Selling Price: Increased 5.3% from the previous quarter. Capital Expenditures: $64 million funded in the first quarter. Share Repurchase: $234 million of common stock repurchased at an average price of $299 per share. Dividend Increase: Dividend rate increased by 4% to an annualized $5 per share. Cash Flow from Operations: Approximately $151 million. Total Debt: $1.7 billion with a net debt-to-EBITDA ratio of 1. Warning! GuruFocus has detected 8 Warning Signs with RS. Is RS fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Reliance Inc (NYSE:RS) reported record tons sold in the first quarter, with volumes up both sequentially and year-over-year. The company secured two significant government contracts, including a $3 billion contract with the Department of Homeland Security, reinforcing its role in critical US infrastructure and defense programs. Reliance Inc (NYSE:RS) achieved a 15% increase in sales, driven by higher shipments and prices, resulting in over 30% year-over-year growth in non-GAAP pretax income. The company increased its dividend rate by 4% and repurchased $234 million of its shares, demonstrating strong shareholder returns. Reliance Inc (NYSE:RS) maintained a strong balance sheet with a net debt-to-EBITDA ratio of 1, providing substantial liquidity and flexibility for capital allocation priorities. The 50% Section 232 tariffs have negatively impacted aluminum gross profit margins, despite higher gross profit dollars. Higher-than-anticipated material costs resulted in a first-quarter LIFO expense of $37.5 million, prompting an increase in the full-year LIFO outlook. The commercial aerospace demand remains subdued due to elevated inventories across the supply chain. The company faces ongoing risks from domestic in...

Reliance delivered a stronger-than-expected Q1 with record tons sold, sequential tons +9.4% and average selling price +5.3%, converting 15% sales growth into >30% YoY non-GAAP pre-tax income and non-GAAP EPS of $5.16. Management won government contracts through AMI Metals including a $2.2 billion DHS border wall project (phase one ~$1.4B through ~Q2 2027); shipments began in April, are in ramp-up, included in Q2 guidance, and may modestly lower consolidated gross margins while contributing low operating-cost earnings. Key margin and capital items: the company raised its full-year LIFO outlook to $150 million after Q1 LIFO expense of $37.5M and said 50% aluminum tariffs are pressuring aluminum margin percentage, while guiding Q2 non-GAAP EPS of $5.15–$5.35, planning ~$300M capex, raising the dividend to $5 annually, and continuing buybacks. Interested in Reliance, Inc.? Here are five stocks we like better. Trash to Treasure: 3 Waste Removal Stocks to Minimize Volatility Reliance (NYSE:RS) executives said the company began 2026 with stronger-than-expected first-quarter volume, pricing and earnings, citing tight supply conditions, improving demand and continued market share gains across a diversified end-market portfolio. President and CEO Karla Lewis said first-quarter “volumes, pricing, and earnings exceed[ed] our expectations,” with strong demand and pricing momentum building through the quarter. Lewis noted that first-quarter tons sold were a record and increased both sequentially and year-over-year, despite what she described as “unusually strong tariff-driven demand pull forward” in the prior-year period. She said the company outperformed broader industry shipments for the 13th consecutive quarter. → STMicronelectronics Sends Industrial Chips Into Overdrive Can RSG Stock Turn Guidance Into Gains in 2026? Executive Vice President and COO Steve Cook quantified that performance, saying tons sold rose 9.4% versus the fourth quarter of 2025, ahead of the company’s expectation for a 5% to 7% increase. Tons sold were up 2.7% year-over-year, while the service center industry reported a 5.1% decline, according to Cook. He said carbon steel volumes were the primary growth driver, with additional support from aluminum and stainless shipments “at higher per ton profitability levels.” Cook also said average selling price increased 5.3% sequentially, exceeding the comp...