AK Steel Holding Corp Fourth Quarter Earnings Sneak Peek
AK Steel Holding Corporation (NYSE:AKS) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. AK Steel Holding is a holding company of AK Steel Corporation. The steelmaker makes such products as flat-rolled carbon, stainless and electrical steels, and aluminum-coated stainless steel. .
AK Steel Holding Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 35 cents per share, a wider loss from the year-earlier quarter net loss of 25 cents. During the past three months, the average estimate has moved down from a loss of 20 cents. Between one and three months ago, the average estimate moved down. It has risen from a loss of 37 cents during the last month. Analysts are projecting net loss of 61 cents per share versus net income of 17 cents last year.
Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported a loss of 25 cents per share against a mean estimate of net loss of 38 cents, and the quarter before, the company exceeded forecasts by 4 cents with profit of 10 cents versus a mean estimate of net income of 6 cents.
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A Look Back: In the third quarter, the company’s loss widened to a loss of a $60.9 million (55 cents a share) from a loss of $3.5 million (3 cents) a year earlier, but beat analyst expectations. Revenue fell 7.7% to $1.46 billion from $1.59 billion.
Here’s how AK Steel Holding Corp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: