AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steel in U.S. and internationally that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AKS’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that AK Steel could be a solid choice for investors.
Current Quarter Estimates for AKS
In the past 30 days, 2 estimates have gone higher for AK Steel while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 7 cents per share today, a move of 16.7%.
Current Year Estimates for AKS
Meanwhile, AK Steel’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 28 cents per share 30 days ago to 32 cents per share today, an increase of 14.3%.
AK STEEL HLDG Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 38.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Increased Earnings Estimates Seen for AK Steel (AKS): Can It Move Higher?
AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steel in U.S. and internationally that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AKS’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that AK Steel could be a solid choice for investors.
Current Quarter Estimates for AKS
In the past 30 days, 2 estimates have gone higher for AK Steel while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 7 cents per share today, a move of 16.7%.
Current Year Estimates for AKS
Meanwhile, AK Steel’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 28 cents per share 30 days ago to 32 cents per share today, an increase of 14.3%.
AK STEEL HLDG Price and Consensus
AK STEEL HLDG Price and Consensus | AK STEEL HLDG Quote
Bottom Line
The stock has also started to move higher lately, adding 38.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>