Please ensure Javascript is enabled for purposes of website accessibility

Charting AK Steel Holding's Latest Earnings Release

By Seth Jayson - Updated Apr 10, 2017 at 1:42PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Just the facts, Fool.

AK Steel Holding (NYSE: AKS) reported earnings on April 23. 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 shrank. GAAP loss per share contracted.

Margins increased across the board.

Revenue details
AK Steel Holding reported revenue of $1.37 billion. The 13 analysts polled by S&P Capital IQ predicted revenue of $1.37 billion on the same basis. 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
EPS came in at -$0.07. The 14 earnings estimates compiled by S&P Capital IQ averaged -$0.11 per share. GAAP EPS were -$0.07 for Q1 versus -$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.

Margin details
For the 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. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.49 billion. On the bottom line, the average EPS estimate is -$0.07.

Next year's average estimate for revenue is $5.75 billion. The average EPS estimate is -$0.16.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 854 members out of 942 rating the stock outperform, and 88 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 give AK Steel Holding a green thumbs-up, and 21 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.

Is AK Steel Holding the right metals stock for you? Look beyond the steel mill and 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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

AK Steel Holding Corporation Stock Quote
AK Steel Holding Corporation
AKS

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
356%
 
S&P 500 Returns
124%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.