2 Stocks Moving Upward Prior to Earnings Releases
United States Steel Corp (NYSE:X) will unveil its latest earnings on Tuesday, January 31, 2012. The average estimate of analysts is for net loss of 82 cents per share, a narrower loss from the year earlier quarter net loss of $1.81. During the past three months, the average estimate has moved down from a loss of 70 cents. Between one and three months ago, the average estimate moved down. It has risen from a loss of 83 cents during the last month. Analysts are projecting net income of one cent per share versus a loss of $2.83 last year.
Last quarter, the company beat estimates by 17 cents, coming in at profit of 72 cents per share against an estimate of net income of. The company also topped expectations in the second quarter. On average, analysts predict $4.73 billion in revenue this quarter, a rise of 10% from the year ago quarter. Analysts are forecasting total revenue of $19.79 billion for the year, a rise of 13.9% from last year’s revenue of $17.37 billion.
Competitors to Watch: AK Steel Holding Corp. (NYSE:AKS), Steel Dynamics, Inc. (NASDAQ:STLD), Nucor Corporation (NYSE:NUE), ArcelorMittal (NYSE:MT), Worthington Industries, Inc. (NYSE:WOR), POSCO (NYSE:PKX), Ternium S.A. (NYSE:TX), Mechel OAO (NYSE:MTL), and Companhia Siderurgica Nacional (NYSE:SID).
Plum Creek Timber Co., Inc. (NYSE:PCL) will unveil its latest earnings on Monday, January 30, 2012. The average estimate of analysts is for net income of 39 cents per share, a decline of 13.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 9.8% versus last year to $1.20.
The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported profit of 31 cents per share versus a mean estimate of net income of 30 cents per share. In the second quarter, the company missed estimates by one cent. On average, analysts predict $305.2 million in revenue this quarter, a decline of 14.3% from the year ago quarter. Analysts are forecasting total revenue of $1.15 billion for the year, a decline of 3.4% from last year’s revenue of $1.19 billion.
Competitors to Watch: Potlatch Corporation (NYSE:PCH), Rayonier Inc. (NYSE:RYN), Weyerhaeuser Company (NYSE:WY), Deltic Timber Corporation (NYSE:DEL), Universal Forest Products, Inc. (NASDAQ:UFPI), Louisiana-Pacific Corp. (NYSE:LPX), Pittsburgh & West Virginia Railroad (AMEX:PW) and West Fraser Timber Co. Ltd. (NYSE:WFT).