
Olympic Steel (ZEUS) Stock Forecast & Price Target
Olympic Steel (ZEUS) Analyst Ratings
Bulls say
Olympic Steel Inc is positioned for growth, with expectations of a 5-6% increase in overall volumes in the first quarter of 2025, supported by a robust demand in the energy sector and strategic investments in M&A and automation. The company anticipates a rebound in profitability within its Carbon Flat product segment, with projected earnings per share of $0.84 and $0.79 for the second and third quarters of 2025, respectively, driven by improved pricing, demand from industrial machinery manufacturers, and operational efficiencies. Additionally, Olympic Steel's LIFO EBITDA estimates for 2024 have been modestly increased to $155 million, reflecting positive pricing momentum and favorable market conditions.
Bears say
Olympic Steel Inc. faces a negative outlook predominantly due to anticipated declines in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fourth quarter of 2024, projected at $636 million, a drop from previous estimates of $695 million, attributed to lower average selling prices (ASP) and decreased volumes. Additionally, the company is expected to see a meaningful reduction in its Steel Mills segment EBIT, driven by seasonal downturns, an unplanned operational outage, and a broader decline in demand across major end markets. Furthermore, internal forecasts indicate a reduction in 2024 EBITDA to $4.20 billion from $4.26 billion, highlighting ongoing challenges such as higher maintenance costs and weaker profitability, particularly within their Steel products and fabrication segments.
This aggregate rating is based on analysts' research of Olympic Steel and is not a guaranteed prediction by Public.com or investment advice.
Olympic Steel (ZEUS) Analyst Forecast & Price Prediction
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