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AK Steel Holding's Upcoming Earnings: What You Need To Know

Friday - 7/19/2013, 2:00am  ET

AK Steel Holding is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict AK Steel Holding's revenues will wane -7.7% and EPS will shrink to a loss.

The average estimate for revenue is $1.42 billion. On the bottom line, the average EPS estimate is -$0.31.

Revenue details
Last quarter, AK Steel Holding logged revenue of $1.37 billion. GAAP reported sales were 9.2% lower than the prior-year quarter's $1.51 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at -$0.07. GAAP EPS were -$0.07 for Q1 compared to -$0.11 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 8.6%, 200 basis points better than the prior-year quarter. Operating margin was 2.4%, 210 basis points better than the prior-year quarter. Net margin was -0.7%, 10 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.70 billion. The average EPS estimate is -$0.44.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 863 members out of 950 rating the stock outperform, and 87 members rating it underperform. Among 169 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 151 give AK Steel Holding a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AK Steel Holding is hold, with an average price target of $5.48.

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This article was originally published as AK Steel Holding's Upcoming Earnings: What You Need To Knowon Fool.com

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