How did RELI's Q4 2024 EPS performance compare to expectations?

Reliance's (NYSE: RS) Q4 2024 EPS performance was below expectations. The company reported an EPS of $3.64 for the quarter, which missed the Zacks Consensus Estimate of $3.69. This represents a decline from the same quarter the previous year, when the company reported an EPS of $5.00. The EPS decrease can be attributed to weaker metals pricing and a 5.6% revenue decline year-over-year to $3.42 billion, while analysts had expected $3.38 billion. This performance indicates a challenging period for Reliance, with earnings missing estimates for the fourth quarter in a row, raising concerns among investors about the sustainability of earnings and the impact on future profitability.