What to Expect From Major Metal Stocks Reporting Tuesday

By Chris Lange Updated Jan 12, 3:38PM EST · Published Jan 23, 10:20AM EST

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What to Expect From Major Metal Stocks Reporting Tuesday — © Thinkstock

[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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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.