Reliance (RS) Projected to Release Quarterly Earnings on Wednesday

Key Points

• Reliance is expected to report Q3 2026 results after Wednesday’s close, with analysts forecasting earnings of $6.82 per share and revenue of $4.73 billion. The company’s guidance is $6.40–$6.60 per share, and its conference call is scheduled for Thursday, October 22.
• In the previous quarter, Reliance exceeded expectations with $6.27 EPS versus the $5.47 consensus and $4.63 billion in revenue, up 26.5% year over year.
• Shares recently traded near $404, while analysts maintain a consensus “Hold” rating and an average price target of $382. Reliance also pays a quarterly dividend of $1.25, equivalent to a 1.2% annual yield.

Reliance (NYSE:RS - Get Free Report) is anticipated to post its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect Reliance to post earnings of $6.82 per share and revenue of $4.73 billion for the quarter. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Parties can find conference call details on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 22, 2026 at 11:00 AM ET.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the company earned $4.43 EPS. The firm's quarterly revenue was up 26.5% compared to the same quarter last year. On average, analysts expect Reliance to post $23.70 EPS for the current fiscal year and $23.69 EPS for the next fiscal year.

Reliance Trading Up 0.8%

Shares of RS opened at $404.45 on Wednesday. The business has a 50-day moving average of $399.16 and a 200 day moving average of $379.94. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $433.02. The firm has a market cap of $20.65 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 14th. Reliance's payout ratio is currently 29.07%.

Insider Buying and Selling at Reliance

In related news, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the sale, the chief financial officer owned 14,640 shares of the company's stock, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the sale, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This trade represents a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RS has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Reliance from $390.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, October 9th. KeyCorp boosted their price target on shares of Reliance from $418.00 to $421.00 and gave the company an "overweight" rating in a research report on Monday, October 5th. BMO Capital Markets boosted their price target on shares of Reliance from $390.00 to $415.00 and gave the company a "market perform" rating in a research report on Monday, July 27th. Wells Fargo & Company dropped their price target on shares of Reliance from $398.00 to $391.00 and set an "equal weight" rating on the stock in a research note on Monday, August 24th. Finally, Wall Street Zen cut shares of Reliance from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $382.00.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance Jio reportedly attracted more than $20 billion in investor bids ahead of what could become India’s largest IPO. Strong demand and a potential valuation of roughly ₹11 lakh crore could highlight the value of Reliance Industries’ digital and telecom assets, though the benefit does not directly accrue to Reliance, Inc. NYSE: RS. Strong buzz! Reliance Jio said to see over $20 billion bids as investors line up for India's biggest IPO
• Positive Sentiment: Analyst commentary suggests the Jio Platforms IPO could trigger a re-rating of Reliance Industries, with Religare reportedly seeing as much as 47% upside. This is relevant to India’s Reliance Industries—not the similarly named NYSE-listed RS. Jio Platforms IPO: Why Religare sees re-rating in Reliance Industries
• Positive Sentiment: Reports that Jio’s grey-market premium already reflects an “Ambani premium” reinforce expectations for strong IPO demand and favorable sentiment around Reliance Industries. Reliance Jio IPO: GMP already seeing Ambani premium ahead of record issue launch
• Neutral Sentiment: Cheaper Venezuelan crude could potentially add up to ₹12,600 crore to Reliance Industries’ EBITDA, but this relates to its refining business and has no direct read-through to Reliance, Inc. NYSE: RS. Cheap Venezuelan crude could add to RIL’s EBITDA
• Negative Sentiment: Coverage for Reliance, Inc. NYSE: RS remains cautious: nine analysts have a consensus “Hold” rating, while the reported average price target of $382 is below the stock’s recent trading level. This may limit near-term upside unless earnings or industry conditions improve. Reliance, Inc. Stock Rated Hold by Sell-Side Brokerages Reliance, Inc. Stock Has Average Price Target of $382

About Reliance

Reliance, operating as Reliance Steel & Aluminum Co NYSE: RS, is a diversified metals service center company. It distributes a broad range of metals, including carbon steel, stainless steel, aluminum, copper, brass, titanium and specialty steel products, serving manufacturers, fabricators, construction companies and other industrial customers.

The company provides value-added services designed to prepare metals for customer use. These services include cutting, leveling, slitting, sawing, machining, forming, coating, welding and other fabrication processes.

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