Opinion

Investing Smarter Today For A Brighter Tomorrow AK Steel Holding Corporation (AKS)

AK Steel Holding Corporation (NYSE:AKS) is expected to announce second quarter financial results after market close (confirmed) on July 25, 2017. The company added about -10.4% percent in value since last earnings when it was at $7.12.  Looking further into earnings reaction history, the stock had moved up 16 times out of last 30 quarters. It has topped earnings-per-share estimates 91% of the time in its last 12 earnings reports. It missed earnings on 1 occasions, and it has met expectations 0 time.

AK Steel Holding Corporation (NYSE:AKS) Earnings Reaction History

Overall, the average earnings surprise was 182.63 percent over the past four quarters. It posted earnings per share at $0.19 which topped the consensus $0.14 projection (Positive surprise of 35.70%). Revenue came in at $1.53B versus consensus estimate of $1.48B. The stock dropped -10.11% percent the day following the earnings was released, and on 7th day price change was -12.50% percent.

On January 24, 2017, it posted earnings per share at $0.14 versus the consensus estimate of $0.06 (Positive surprise of 133.30%). Revenue of $1.42B was above the $1.41B analysts had expected. The stock gained -6.57% the day following the earnings was released, and on 7th day price change was -12.92%.

On October 25, 2016, it posted earnings per share at $0.21, topped the consensus estimate of $0.13 (Positive surprise of 61.50%). Revenue for the quarter was $1.45B while analysts had expected revenues to come in at $1.47B. The stock gained 1.54% the day following the earnings was released, and on 7th day price change was 15.31%.

On July 26, 2016, it posted earnings per share at $0.08 compared with the consensus estimate of $-0.02 (Positive surprise of 500.00%). That came on revenues of $1.49B for the quarter. Analysts had expected $1.53B in revenue.

AK Steel Holding Corporation (NYSE:AKS) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $0.13. The analysts’ current consensus range is $0.09-$0.18 for EPS. The market consensus range for revenue is $1.5B-$1.61B, with an average of $1.54B.

AK Steel Holding Corporation (NYSE:AKS) last closed at $6.20, sending the company’s market cap around $2.06B. The consensus 12-month price target from brokerage firms covering the stock is $8.47 . The share price has declined -45.57% from its best level in 52 weeks and advanced -37.51% this year. It recently traded in a range of $6.265-$6.46 at a volume of 2,814,922 shares. The stock ended last trading session with the price nearly -2.45% lower for the last 5 trading days, rebounding 60.21% from its 52-week low.

 

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