AK Steel Holding Goes Red
Apr 24th 2012 2:05PM
Updated Apr 24th 2012 2:06PM
AK Steel Holding (NYS: AKS) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), AK Steel Holding met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
AK Steel Holding tallied revenue of $1.51 billion. The 14 analysts polled by S&P Capital IQ looked for net sales of $1.51 billion on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $1.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.11. The 15 earnings estimates compiled by S&P Capital IQ forecast -$0.12 per share. GAAP EPS were -$0.11 for Q1 against $0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.6%, 120 basis points worse than the prior-year quarter. Operating margin was 0.3%, 100 basis points worse than the prior-year quarter. Net margin was -0.8%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.66 billion. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $6.45 billion. The average EPS estimate is $0.54.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 864 members out of 949 rating the stock outperform, and 85 members rating it underperform. Among 205 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 187 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 $10.27.
Is AK Steel Holding the right metals stock for you? Find out the best way to profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
- Add AK Steel Holding to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.