On Monday, Jan. 28, AK Steel Holding AKS will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Sell-side analysts expect AK Steel Holding's EPS to be near 11 cents on sales of $1.70 billion.
In the same quarter last year, AK Steel Holding reported EPS loss of of 6 cents on revenue of $1.50 billion. The Wall Street estimate would represent a 283.33 percent increase in the company's earnings. Revenue would be up 13.64 percent from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
EPS Estimate | 0.23 | 0.2 | 0.01 | -0.13 |
EPS Actual | 0.21 | 0.18 | 0.09 | -0.06 |
Stock Performance
Over the past 52-week period, shares of AK Steel Holding have declined 55.41 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on AK Steel Holding stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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