Reliance Inc. Reports Q4 Earnings Beat Amid Analyst Downgrade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 20 2026
0mins
Should l Buy RS?
Source: Benzinga
Reliance Inc. shares fell 3.80% and hit a 20-day low amid broader market gains, with the Nasdaq-100 up 0.98% and the S&P 500 up 0.65%.
The company reported a Q4 non-GAAP EPS of $2.96, exceeding expectations by $0.14, with revenue of $3.5 billion, an 11.8% year-over-year increase. However, BMO downgraded the stock to Market Perform from Outperform and lowered the target price from $340 to $320, indicating potential challenges ahead despite the strong earnings report.
This downgrade may create headwinds for Reliance Inc. as it navigates market expectations, even with solid financial performance and positive demand outlook for Q1 2026.
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Analyst Views on RS
Wall Street analysts forecast RS stock price to fall
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 316.100
Low
284.00
Averages
314.50
High
340.00
Current: 316.100
Low
284.00
Averages
314.50
High
340.00
About RS
Reliance, Inc. is a global-diversified metal solutions provider and the metals service center company in North America. The Company provides value-added metals processing services and distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. It focuses on small orders with quick turnaround and value-added processing services. The Company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction (including infrastructure and renewable energy), transportation (rail, truck trailer and shipbuilding), aerospace (commercial, military, defense and space), energy (oil and natural gas), electronics and semiconductor fabrication, industrial machinery and heavy industry (agricultural, construction and mining equipment). It also services the auto industry, through its toll processing operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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RELIANCE INC: BMO Downgrades to Market Perform from Outperform; Lowers Target Price to $320 from $340
Market Performance: Reliance Industries has cut its target price for the stock from $340 to $320, indicating a shift in market expectations.
Analyst Outlook: The adjustment reflects a broader trend of underperformance compared to market benchmarks, suggesting potential challenges ahead for the company.
See More
Reliance, Inc. Q4 2025 Earnings Call Insights
- Volume Growth: Reliance, Inc. achieved a record shipment of 6.4 million tons in Q4 2025, reflecting a 6.2% increase year-over-year, outperforming the industry by over 7 percentage points, with market share rising from 15% in 2024 to 17%, indicating strong competitive positioning.
- Profitability Improvement: The FIFO gross profit margin increased by 90 basis points in 2025 compared to 2024, primarily driven by rising prices for carbon products and robust demand, showcasing effective pricing discipline and operational execution.
- Capital Expenditure Plans: The company anticipates a capital expenditure budget of $275 million for 2026, with total spending expected between $300 million and $325 million, half of which is directed towards growth initiatives, reflecting confidence in future expansion opportunities.
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See More
Reliance, Inc. Announces 4.2% Increase in Quarterly Dividend
- Dividend Increase: Reliance, Inc. has raised its quarterly dividend from $1.20 to $1.25 per share, marking a 4.2% increase, which reflects the company's robust performance in profitability and cash flow management.
- Yield Metrics: The forward yield of 1.49% indicates the company's commitment to shareholder returns in the current market environment, appealing to investors seeking stable income.
- Payment Schedule: The new dividend will be payable on March 20, with a record date of March 6 and an ex-dividend date also on March 6, ensuring shareholders receive their enhanced returns promptly.
- Financial Performance: Reliance, Inc. reported a non-GAAP EPS of $2.96, beating estimates by $0.14, with revenue of $3.5 billion exceeding expectations by $50 million, showcasing the company's strong financial health.
See More
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- FLUT Earnings Awaited: Flutter Entertainment plc (NYSE:FLUT) decreased by 11.86% this week as the company announced it will release its fourth quarter and full year 2025 financial results after market close on February 26, leading investors to adopt a cautious stance ahead of the earnings report, which may impact stock performance.
- OKTA Price Target Cuts: Okta, Inc. (NASDAQ:OKTA) fell 12.86% this week after several firms lowered their price targets, reflecting diminished market confidence in its growth potential and possibly prompting investors to reassess its investment value.
- TEAM Executive Change: Atlassian Corporation (NASDAQ:TEAM) decreased by 5.33% this week following the announcement of James Chuong as the new Chief Financial Officer effective March 30, 2026; while executive changes may bring new strategic directions, they failed to boost the stock price in the short term.
See More
Wall Street Analysts Adjust Ratings
- Rating Changes Overview: Top Wall Street analysts have adjusted their ratings on several companies, including upgrades, downgrades, and initiations, reflecting the latest market views and expectations for these firms.
- Investment Recommendation Analysis: While specific stock recommendations are not detailed in this article, changes in analyst ratings typically influence investor decisions, potentially leading to price fluctuations in the affected stocks.
- Market Reaction Expectations: The adjustments made by analysts may draw market attention to the related stocks, prompting investors to closely monitor these changes to seize investment opportunities.
- Source Information Note: This report is provided by Benzinga, highlighting the significance of analyst rating changes and suggesting investors visit the analyst ratings page for a more comprehensive view.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions.
- Upgrades and Downgrades: While specific upgrades and downgrades are not detailed, the overall rating changes may lead to short-term volatility in the affected stocks, prompting investors to stay alert.
- Market Reaction Expectations: Analyst rating adjustments typically trigger immediate market reactions, and investors should consider the potential impact of these changes on stock prices to make more informed investment choices.
- Information Access Channels: Investors can visit the analyst ratings page to obtain a comprehensive view of rating changes, thereby enhancing their understanding of market trends and individual stock performance.
See More
RELIANCE INC: BMO Downgrades to Market Perform from Outperform; Lowers Target Price to $320 from $340
Market Performance: Reliance Industries has cut its target price for the stock from $340 to $320, indicating a shift in market expectations.
Analyst Outlook: The adjustment reflects a broader trend of underperformance compared to market benchmarks, suggesting potential challenges ahead for the company.
See More
Reliance, Inc. Q4 2025 Earnings Call Insights
- Volume Growth: Reliance, Inc. achieved a record shipment of 6.4 million tons in Q4 2025, reflecting a 6.2% increase year-over-year, outperforming the industry by over 7 percentage points, with market share rising from 15% in 2024 to 17%, indicating strong competitive positioning.
- Profitability Improvement: The FIFO gross profit margin increased by 90 basis points in 2025 compared to 2024, primarily driven by rising prices for carbon products and robust demand, showcasing effective pricing discipline and operational execution.
- Capital Expenditure Plans: The company anticipates a capital expenditure budget of $275 million for 2026, with total spending expected between $300 million and $325 million, half of which is directed towards growth initiatives, reflecting confidence in future expansion opportunities.
- Dividend Increase: Reliance raised its dividend by 4% to an annual rate of $5 per share in Q1 2026, demonstrating a commitment to shareholder returns amid strong earnings growth and solid cash flow generation.
See More
Reliance, Inc. Announces 4.2% Increase in Quarterly Dividend
- Dividend Increase: Reliance, Inc. has raised its quarterly dividend from $1.20 to $1.25 per share, marking a 4.2% increase, which reflects the company's robust performance in profitability and cash flow management.
- Yield Metrics: The forward yield of 1.49% indicates the company's commitment to shareholder returns in the current market environment, appealing to investors seeking stable income.
- Payment Schedule: The new dividend will be payable on March 20, with a record date of March 6 and an ex-dividend date also on March 6, ensuring shareholders receive their enhanced returns promptly.
- Financial Performance: Reliance, Inc. reported a non-GAAP EPS of $2.96, beating estimates by $0.14, with revenue of $3.5 billion exceeding expectations by $50 million, showcasing the company's strong financial health.
See More
