AK Steel Holding (NYS: AKS) reported earnings on Jan. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AK Steel Holding beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and earnings per share contracted.
Gross margins grew, operating margins dropped, and net margins shrank.
AK Steel Holding logged revenue of $1.5 billion. The 12 analysts polled by S&P Capital IQ expected revenue of $1.5 billion. Sales were 8.5% higher than the prior-year quarter's $1.4 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.26. The 15 earnings estimates compiled by S&P Capital IQ predicted -$0.39 per share on the same basis. GAAP EPS were -$1.76 for Q4 versus -$0.89 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 3.8%, 260 basis points better than the prior-year quarter. Operating margin was -19.9%, 1,400 basis points worse than the prior-year quarter. Net margin was -12.8%, 570 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.6 billion. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $6.6 billion. The average EPS estimate is $0.72.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 875 members out of 955 rating the stock outperform, and 80 members rating it underperform. Among 231 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 212 give AK Steel Holding a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AK Steel Holding is outperform, with an average price target of $10.66.
Can your retirement portfolio provide you with enough income to last? You'll need more than AK Steel Holding. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
Add AK Steel Holding to My Watchlist.
At the time thisarticle 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 ofMotley 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.