Reliance (RS) Projected to Post Earnings on Wednesday

Reliance (NYSE:RS) is anticipated to post its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect the company to announce earnings of $6.83 per share and revenue of $4.74 billion for the quarter. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Individuals are encouraged to explore the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 22, 2026 at 11:00 AM ET.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the company earned $4.43 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. 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 Down 0.1%

NYSE:RS opened at $410.90 on Monday. The firm’s fifty day moving average is $398.40 and its 200-day moving average is $382.23. 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 has a 52 week low of $260.31 and a 52 week high of $433.02. The firm has a market cap of $20.98 billion, a P/E ratio of 23.89, a P/E/G ratio of 0.94 and a beta of 0.95.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Barclays initiated coverage with an “equal weight” rating and a $420 price target. The target implies modest upside from the stock’s recent $410.90 level, providing a measured valuation endorsement even though Barclays did not recommend an outright overweight position.
• Neutral Sentiment: Wall Street is focusing on Reliance’s third-quarter 2026 operating metrics ahead of earnings. The latest preview highlights estimates for revenue, earnings and key performance measures for the quarter ended September, but it does not report actual results or identify a significant estimate revision. Zacks Reliance Q3 earnings preview
• Neutral Sentiment: Most of the other reports concern Reliance Industries Ltd. in India and its Jio Platforms IPO, not Reliance, Inc. (RS). News about Jio’s proposed ₹30,213 crore offering, its price band, distribution arrangements and Joyland dairy products may affect Indian-listed Reliance Industries, but it is not a direct catalyst for the U.S.-listed industrial metals distributor.

Analyst Ratings Changes

A number of brokerages recently weighed in on RS. JPMorgan Chase & Co. lifted their target price on shares of Reliance from $390.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, October 9th. Wells Fargo & Company cut 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 report on Monday, August 24th. KeyCorp increased their price target on Reliance from $418.00 to $421.00 and gave the stock an “overweight” rating in a report on Monday, October 5th. Weiss Ratings upgraded Reliance from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Citigroup reissued a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $387.43.

Insider Activity at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the transaction, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total transaction of $974,636.13. Following the sale, the senior vice president directly owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by insiders.

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.