Reliance (RS) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $8.02
- Estimate
- $6.83
- Surprise
- +17.4%
- Score at report (before → after)
- 6.3 → 6.4/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Reliance (RS) beat the $6.83 estimate with adjusted EPS of $8.02 — a large 17.4% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.3/10) to Hold at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates RS Hold at 6.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +17.4% surprise compares with a +7.0% four-quarter average.
What supports the rating
- Strong earnings beat streak (3/4)
- Strong growth profile
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (2.8% away)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $421.07
- Stop
- $400.53
At 19.6× trailing and 17.0× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 75 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 1.8× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-22 — shown for context, not personalized investment advice.
RS at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Steel
- Market cap
- $21.50B
- P/E (fwd)
- 17.0
- P/E (ttm)
- 19.6
- 52-week range
- $260.31–$433.02
- Off 52-week high
- 2.8%
- RSI (14)
- 75
- Volume vs avg
- 1.83×
- Score today
- 6.4/10