Earnings Estimates Moving Higher for AK Steel (AKS): Time to Buy? - Tale of the Tape

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AK Steel Holding Corporation ( AKS ), the producer of flat-rolled carbon, stainless and electrical steel products 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's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that AK Steel could be a solid choice for investors.

Current Quarter Estimates for AKS

In the past 30 days, 7 estimates have gone higher for AK Steel while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 17 cents a share 30 days ago, to 23 today, a move of 35.3%.

Current Year Estimates for AKS

Meanwhile, AK Steel's current year figures are also looking quite promising, with 6 estimates moved higher in the past month. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 1 cent 30 days ago to a gain of 8 cents today, increased significantly.

Bottom Line

The stock has also started to move higher lately, adding 20.7% 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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Earnings , Investing Ideas , Stocks

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