Actionable news
All posts from Actionable news
Actionable news in AKS: AK STEEL HOLDING Corp,

What To Look For In Steel Stock Earnings

Jefferies' Seth Rosenfeld and his team take a look at the steel industry Wednesday. They mark-to-market their estimates for the quarter, but write that ultimately, this earnings season's results may have less impact on steel stocks' price performance, as investors wait for the results of the Department Of Commerce's Section 232 investigation, which many expect to find that US national security is threatened by steel imports.

On average, Rosenfeld lowered his EBIDTA estimates by about 9% for this year and 3% for next...