After meeting Wall Street expectations last quarter, AK Steel (NYSE:AKS) is slated to report again on Tuesday.
Analysts currently expect AK Steel to come in with earnings of 6 cents per share on revenues of $1.55 billion. Analysts gave estimates ranging from 5 cents per share to 20 cents per share. Over the past three months, the average estimate has moved down from 22 cents.
The stock price has been falling recently The share price has fallen 81 cents since July 6, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $2.01 (-27.4%), from $7.34 to $5.33.
Company Fundamental Trends
Analysts think investors should stand pat on AK Steel with seven of 13 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, the company swung to a loss of $11.8 million (11 cents a share) from a profit of $8.7 million (8 cents) a year earlier, meeting analyst expectations. Revenue fell 4.6% to $1.51 billion from $1.58 billion.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012 before market open
EPS: 6 cents
Revenue Estimate: $1.55 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)