AK Steel Holding Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component AK Steel Holding Corp (NYSE:AKS) will unveil its latest earnings on Tuesday, January 24, 2012. 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 Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 40 cents per share, a narrower loss from the year earlier quarter net loss of 49 cents. During the past three months, the average estimate has moved down from 4 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 35 cents during the last month.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported profit of 2 cents per share against a mean estimate of 0 cents per share. In the second quarter, it missed forecasts by 19 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.5% in revenue from the year-earlier quarter to $1.48 billion.

Analyst Ratings: Analysts are bullish on AK Steel as six analysts rate it as a buy, two rate it as a sell and seven rate it as a hold.

A Look Back: In the third quarter, the company’s loss narrowed to a loss of $3.5 million (3 cents a share) from a loss of $59.2 million (54 cents) a year earlier, beating analyst expectations. Revenue rose 0.6% to $1.59 billion from $1.58 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 12.3% in the second quarter from the year earlier, climbed 12.5% in the first quarter from the year-ago quarter and 5.4% in the fourth quarter of the last fiscal year.

AK Steel’s loss in the latest quarter followed profits in the previous two quarters. The company reported a profit of $33.1 million in the second quarter and profit of $8.7 million in the first quarter.

Competitors to Watch: Steel Dynamics, Inc. (NASDAQ:STLD), United States Steel Corp. (NYSE:X), Nucor Corporation (NYSE:NUE), Ternium S.A. (NYSE:TX), Commercial Metals Company (NYSE:CMC), Universal Stainless & Alloy Products (NASDAQ:USAP), Allegheny Tech. Inc. (NYSE:ATI), Ampco-Pittsburgh Corp. (NYSE:AP), ArcelorMittal (NYSE:MT), and Schnitzer Steel Industries, Inc. (NASDAQ:SCHN).

Stock Price Performance: During December 16, 2011 to January 18, 2012, the stock price had risen $1.67 (22.2%) from $7.52 to $9.19. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 15.2% (+$2.13) over that span. It saw one of its worst periods between November 14, 2011 and November 25, 2011 when shares fell for nine-straight days, falling 23% (-$2.10) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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