What to Expect From Major Metal Stocks Reporting Tuesday
24/7 Wall St. has put together a preview of major metal companies reporting their earnings this week. Considering the new Trump administration has been positive for industrials, we could expect to see some upside in this industry.
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[cnxvideo id=”509260″ placement=”ros”]24/7 Wall St. has put together a preview of major metal companies reporting their earnings this week. Considering the new Trump administration has been positive for industrials, we could expect to see some upside in this industry.
Credit Suisse recently issued a report on the metal and mining industries taking a relatively positive stance on where they stand to go from here.
We have included the consensus estimates from Thomson Reuters, as well as a recent trading history and consensus analyst price target.
There are also other previews looking at the Dow stocks reporting this week and the top earnings reports coming out.
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AK Steel Holding Corp. (NYSE: AKS) reports its fourth-quarter earnings on Tuesday. The consensus estimates call for $0.08 in earnings per share (EPS) and $1.41 billion in revenue. In the same period of last year, the company posted EPS of $0.30 and $1.54 billion in revenue. Shares of AK Steel were trading at $9.53 on Monday, with a consensus analyst price target of $10.32 and a 52-week trading range of $1.81 to $11.39.
Also on Tuesday, Alcoa Corp. (NYSE: AA) is scheduled to release its fourth-quarter financial results. Analysts are forecasting $0.19 in EPS and $2.46 billion in revenue. Comparable numbers from last year aren’t yet available because Alcoa and Arconic Inc. (NYSE: ARNC) split just last November. Shares of Alcoa were trading at $35.84, with a 52-week range of $20.00 to $35.93 and a consensus price target of $33.13.
And Steel Dynamics Inc. (NASDAQ: STLD) is set to report its most recent quarterly results on Tuesday as well. The consensus estimates are $0.43 in EPS and revenue of $1.88 billion. The same period of last year reportedly had $0.09 in EPS and $1.59 billion in revenue. Shares were last seen at $35.80. The consensus price target is $40.27, and the 52-week range is $15.90 to $40.17.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
