AK Steel Holding Corp Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component AK Steel Holding Corp (NYSE:AKS) will unveil its latest earnings on Tuesday, October 25, 2011. 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 the company to break even after the company reported a loss of 54 cents per share in the year earlier quarter. During the past three months, the average estimate has moved down from 34 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 2 cents during the last month. For the year, analysts are projecting profit of 44 cents per share, a swing from net loss of 54 cents last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net income of 32 cents per share versus a mean estimate of profit of 51 cents per share. In the first quarter, the company beat estimates by 9 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.66 billion in revenue this quarter, a rise of 5.1% from the year ago quarter. Analysts are forecasting total revenue of $6.71 billion for the year, a rise of 12.4% from last year’s revenue of $5.97 billion.

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

A Look Back: In the second quarter, profit rose 24% to $33.1 million (30 cents a share) from $26.7 million (24 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 12.3% to $1.79 billion from $1.6 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 12.5% in the first quarter from the year earlier, climbed 5.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 51.4% in the third quarter of the last fiscal year.

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 July 26, 2011 to October 19, 2011, the stock price had fallen $5.03 (-39.5%) from $12.73 to $7.70. The stock price saw one of its best stretches over the last year between October 28, 2010 and November 8, 2010 when shares rose for eight-straight days, rising 13.8% (+$1.67) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 35.8% (-$4.33) over that span. Shares are down $8.47 (-52.4%) year to date.

(Source: Xignite Financials)

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