Schnitzer Steel Industries (SCHN)
Schnitzer Steel Industries Beneish M-Score: -2.083
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SCHN Beneish M-Score Rankings
| Overall | 17th percentile | 3115 of 3771 |
| Sector | 24th percentile | 295 of 393 in Basic Materials |
| Industry | 28th percentile | 20 of 28 in Steel & Iron |
SCHN Beneish M-Score Range, Past 5 Years
| Minimum | -2.814 | Aug 2009 |
| Maximum | -1.654 | Aug 2008 |
| Average | -2.333 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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SCHN News
UPDATE: DA Davidson Downgrades Schnitzer Steel Industries to Underperform; Weak MRB Margin Outlook
May 21, 11:47AM Benzinga
May 21, 11:47AM Benzinga
$SCHN Mentioned more than normal on StockTwits - Currently at 9 x average daily social activity
about 14 days ago by TradeIdeasQuant
about 14 days ago by TradeIdeasQuant
Unusual 11 Mid-Day Movers 05/18: (BWS) (VELT) (TSYS) Higher; (SMT) (SVVC) (GSVC) Lower
May 18, 1:52PM Street Insider
May 18, 1:52PM Street Insider
Autodesk, British American Tobacco Among Stocks Down on High Volume Friday
May 18, 12:33PM Fox Business
May 18, 12:33PM Fox Business
Goldman Sachs Maintains Neutral Rating, $33 PT for Schnitzer Steel Industries
May 18, 12:09PM Benzinga
May 18, 12:09PM Benzinga
Auriga Maintains a 'Hold' on Schnitzer Steel (SCHN); Cutting Estimats on Lowered Outlook
May 18, 10:31AM Street Insider
May 18, 10:31AM Street Insider
$SCHN is -5.7% down since open on unusual high volume and -6.3% down since close.
about 14 days ago by TradeBot
about 14 days ago by TradeBot
DA Davidson Downgrades Schnitzer Steel (SCHN) to Underperform; Cutting Numbers on Soft Market
May 18, 9:47AM Street Insider
May 18, 9:47AM Street Insider
UPDATE: Bank of America Cuts PO to $38 on Schnitzer Steel; Guidance Signals Challenges
May 18, 9:01AM Benzinga
May 18, 9:01AM Benzinga
Schnitzer Steel (SCHN) Sees Lower Q3 Operating Income on Ferrous Metals; Provides Outlook
May 17, 4:11PM Street Insider
May 17, 4:11PM Street Insider
Some materials stocks showing late day divergence (positive) to $SPY on 15 min. Check $SCHN and $CLF for example.
about 22 days ago by Val_U_Investor
about 22 days ago by Val_U_Investor
KeyBanc Starts Schnitzer Steel (SCHN) at Hold; Leading U.S. Scraper, But Near-Term Headwinds
May 01, 7:32AM Street Insider
May 01, 7:32AM Street Insider
$SCHN boring but has the right stuff for move to $35 or lower IMO
about 39 days ago by MomentumPartnersLLC
about 39 days ago by MomentumPartnersLLC
Upgrades Roundup http://stks.co/3MEs My story via @TheStreet $GORO $DB $SCHN #Upgrade
about 46 days ago by azendrian
about 46 days ago by azendrian
$SCHN Upside Blowoff - 15 Minute Down Reversal - Red bar after 4 green bars
about 50 days ago by TradeIdeasQuant
about 50 days ago by TradeIdeasQuant
News related to $SCHN, currently +0.7% since open: 'Schnitzer's profit 2Q falls, but beats view' http://stks.co/3F8d
about 57 days ago by TradeBot
about 57 days ago by TradeBot
Listen to $SCHN Q2 2012 earnings call - live at 11:30 AM, ondemand after - http://stks.co/3Epz
about 57 days ago by earningscast
about 57 days ago by earningscast
Schnitzer Steel Raises Dividend by 1,000%, Suddenly Yields 2%: http://stks.co/3EeP $SCHN
about 57 days ago by DynamicDividend
about 57 days ago by DynamicDividend
$SCHN forms bearish "Diamond Top" chart pattern. http://stks.co/2unl
about 76 days ago by RecogniaEvents
about 76 days ago by RecogniaEvents
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCHN | 26.08 | -1.28 | -4.68% | 745.83M |
| SCHL | 26.95 | -0.33 | -1.21% | 847.04M |
| SCHG | 31.75 | -0.15 | -0.48% | |
| SCHA | 34.13 | -0.09 | -0.27% | |
| SCG | 46.95 | +0.37 | +0.79% | 6.074B |
| SCCO | 28.45 | -0.25 | -0.87% | 24.40B |
| SCC | 50.66 | +0.11 | +0.23% | |
| SCBT | 33.89 | +0.26 | +0.77% | 472.84M |
| SBX | 8.48 | +0.03 | +0.35% | 188.77M |
| SBUX | 54.89 | +0.16 | +0.29% | 41.23B |
