Reliance Stock Earnings Estimates Boosted by Zacks Research

Key Points

• Zacks Research raised its FY2026 earnings forecast for Reliance to $26.86 per share from $22.57 and maintained a “Strong Buy” rating; the broader consensus estimate is $25.68.
• Reliance’s latest quarter beat expectations, with EPS of $8.02 versus $6.83 anticipated and revenue of $5.21 billion, up 42.8% year over year.
• Analyst sentiment is mixed overall: MarketBeat reports a consensus “Hold” rating and a $400.29 price target, despite recent target increases from JPMorgan and KeyCorp.

Reliance, Inc. (NYSE:RS - Free Report) - Zacks Research raised their FY2026 earnings estimates for shares of Reliance in a research note issued on Wednesday, November 4th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $26.86 per share for the year, up from their previous forecast of $22.57. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Reliance's current full-year earnings is $25.68 per share. Zacks Research also issued estimates for Reliance's Q4 2026 earnings at $7.41 EPS, Q1 2027 earnings at $6.37 EPS, Q4 2027 earnings at $5.76 EPS and FY2027 earnings at $24.29 EPS.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Reliance from $400.00 to $420.00 and gave the company a "neutral" rating in a research report on Wednesday, October 28th. Weiss Ratings lowered Reliance from a "buy (b)" rating to a "hold (c)" rating in a research report on Wednesday, October 28th. Citigroup reissued a "neutral" rating on shares of Reliance in a research note on Wednesday, July 29th. KeyCorp lifted their target price on Reliance from $421.00 to $437.00 and gave the company an "overweight" rating in a research report on Monday, October 26th. Finally, Wall Street Zen upgraded Reliance from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Reliance currently has a consensus rating of "Hold" and a consensus price target of $400.29.

Reliance Price Performance

Reliance stock opened at $413.42 on Friday. The company has a current ratio of 4.12, a quick ratio of 2.22 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $404.39 and a 200 day moving average price of $370.58. Reliance has a 12-month low of $263.12 and a 12-month high of $454.93. The stock has a market cap of $21.06 billion, a P/E ratio of 19.27, a PEG ratio of 0.91 and a beta of 0.95.

Reliance (NYSE:RS - Get Free Report) last announced its earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.83 by $1.19. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.74 billion. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.64 earnings per share.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 20th. Reliance's payout ratio is 23.31%.

Insider Activity at Reliance

In other news, COO Stephen Koch sold 8,334 shares of the company's stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total value of $3,590,870.58. Following the transaction, the chief operating officer directly owned 8,209 shares in the company, valued at approximately $3,537,011.83. This represents a 50.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RS. XXEC Inc. acquired a new position in shares of Reliance during the 2nd quarter worth about $127,493,000. BlackRock Inc. acquired a new stake in shares of Reliance during the 2nd quarter worth about $2,171,081,000. Bank of New York Mellon Corp acquired a new stake in shares of Reliance during the 2nd quarter worth about $176,913,000. William Blair Investment Management LLC purchased a new stake in Reliance during the second quarter worth approximately $142,900,000. Finally, Corient Private Wealth LP purchased a new stake in Reliance during the second quarter worth approximately $129,799,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised several future earnings forecasts, including FY2028 EPS to $19.13 from $18.09, and kept its “Strong-Buy” rating. Estimates also increased for Q2 and Q3 2027 and Q1 and Q3 2028, suggesting improved expectations across much of the forecast period. Reliance analyst coverage
• Positive Sentiment: Recent results provide additional support: Reliance reported quarterly EPS of $8.02, above the $6.83 consensus, while revenue also topped estimates and rose 42.8% year over year.
• Neutral Sentiment: Reports about Reliance Jio’s ₹15 unlimited 5G data pack concern Jio and its parent, Reliance Industries—not the U.S.-listed Reliance, Inc. (RS)—so they are not a direct business catalyst for RS. Jio data-pack article
• Negative Sentiment: Zacks lowered its Q2 2028 EPS estimate to $4.45 from $4.66, a counterpoint to its other upward revisions. Reliance analyst coverage

Reliance Company Profile

Reliance, Inc NYSE: RS is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.

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