Industrials
What to Expect From Major Metal Stocks Reporting Tuesday
Published:
Last Updated:
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.
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.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
