Olympic Steel (ZEUS) closed at $30.58 in the latest trading session, marking a +1.29% move from the prior day. This move outpaced the S&P 500's daily loss of 1.31%.Prior to today's trading, shares of the steel maker had lost 2.89% over the past month. This has was narrower than the Basic Materials sector's loss of 9.06% and lagged the S&P 500's gain of 1.56% in that time.Wall Street will be looking for positivity from ZEUS as it approaches its next earnings report date. In that report, analysts expect ZEUS to post earnings of $1.37 per share. This would mark year-over-year growth of 460.53%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $516.4 million, up 107.97% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.76 per share and revenue of $2.01 billion. These totals would mark changes of +1116.22% and +62.96%, respectively, from last year.Any recent changes to analyst estimates for ZEUS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 48.78% higher. ZEUS is holding a Zacks Rank of #1 (Strong Buy) right now.Investors should also note ZEUS's current valuation metrics, including its Forward P/E ratio of 8.03. For comparison, its industry has an average Forward P/E of 6.41, which means ZEUS is trading at a premium to the group.The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 20, putting it in the top 8% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Olympic Steel, Inc. (ZEUS): Free Stock Analysis Report To read this article on Zacks.com click here.