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AK Steel Holding (NYSE:AKS) announces its next round of earnings this Monday, July 29. Here is Benzinga's everything-that-matters guide for Monday's Q2 earnings announcement.
Earnings and Revenue
AK Steel Holding EPS is expected to be around 5 cents, according to sell-side analysts. Sales will likely be near $1.74 billion.
AK Steel Holding EPS in the same period a year ago totaled 18 cents. Revenue was $1.75 billion. If the company were to match the consensus estimate when it reports Monday, earnings would be down 72.22%. Sales would have fallen 0.40% from the same quarter last year. Here's how the AK Steel Holding's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.140 | 0.11 | 0.23 | 0.2 |
| EPS Actual | 0.230 | 0.16 | 0.21 | 0.18 |
Stock Performance
Shares of AK Steel Holding were trading at $2.46 as of July 25. Over the last 52-week period, shares are down 52.87%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on AK Steel Holding stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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