AK Steel Ready for its Quarterly Earnings Release

Published on Monday, 23 January 2012 12:08 Written by Christian Paolinetti

New York, January 23rd (TradersHuddle.com) - Shares of AK Steel Holding Corporation (NYSE:AKS) are trading higher by +0.32% ahead of its quarterly earnings release. AK Steel, the Ohio based steel company is expected to release its quarterly results on January 24^th.

Wall Street Analysts consensus calls for a loss of $-0.45 a share on $1.48 billion revenue.

AK Steel estimates have a range of $1.48 a share. The high estimate calls for loss of $-0.2 a share and the low estimate is calling for a loss of $-1.68 a share, a year ago for the quarter the company reported $-0.49 a share.

AK Steel Holding Corporation (NYSE:AKS), through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. The Company produces coated, cold rolled, and hot rolled carbon steel for the automotive, appliance, construction, and manufacturing markets. AK Steel also cold rolls and aluminum coats stainless steel for automotive industry customers. Key Statistics

Other companies on the watch on this earnings event are Nucor Corporation NYSE:NUE and Steel Dynamics, Inc. NASDAQ:STLD.