Earnings season is here, and some of the biggest names have already posted numbers. But don�t think that means earnings reports from here on out won�t have any fireworks. This week, there are seven important metal and mining stocks set to report their quarterly earnings. Each one of these picks has the potential to make a big move � either up or down.
That�s because metals are in focus big time right now. Bearish gold bugs are focused on the currencies and sovereign debt problems, and the bulls are watching demand for industrial metals like steel and aluminum. No matter what your slant on the market, metals have a story to tell.
Here are 7 important metal and mining stocks to keep your eye on this week, either for your portfolio or to measure the health of the economy:
United States Steel Corp. (X)
Reports Earnings: Tuesday, July 27
Integrated-steel producer United States Steel Corp. (NYSE: X) produces flat-rolled and tubular products in North America and Europe.� United States Steel has an annual raw steel production capability of 31.7 million net tons. �The company has an average earnings estimate of $0.61, after having an earnings-per-share of -$3.61 a year ago.� Over the last four quarters, U.S. Steel has outperformed earnings estimates three times, and shareholders will learn of this quarter�s earnings on Tuesday.
AK Steel Holding Corp. (AKS)
Reports Earnings: Tuesday, July 27
With seven steelmaking and finishing plants in Kentucky, Ohio, Indiana and Pennsylvania, AK Steel Holding Corp. (NYSE: AKA) is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products.� Last year, AK Steel had an EPS of -$0.43 and is projecting an earnings estimate of $0.07 for this quarter.� With a year-to-date drop of 28.9%, AK Steel will announce its earnings on Tuesday, July 27.
Arcelor Mittal (MT)
Reports Earnings: Wednesday, July 28
Global steel producer Arcelor Mittal (NYSE: MT) has steel-making operations in 20 countries and four continents.� Arcelor produces flat products, including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products.� Analysts are projecting earnings to be $0.70 this quarter for Arcelor, after an EPS of -$0.57 last year.� The mining company has outperformed earnings estimates three of the last four quarters, including a +1,100% showing last September.
Goldcorp Inc. (GG)
Reports Earnings: Wednesday, July 28
Goldcorp Inc (NYSE: GG) is a gold producer that explores, operates, develops and acquires precious metals in Canada, Mexico, the U.S., and South America.� A year ago, Goldcorp recorded earnings per share of -$0.14.� This quarter, analysts are estimating that the gold producer will earn $0.28.� GG has underperformed earnings estimates two of the last four quarters, and will make its earnings announcement on Wednesday.
Hecla Mining Co. (HL)
Reports Earnings: Wednesday, July 28
The Hecla Mining Company (NYSE: HL) is involved in the discovery, acquisition, development, production, and marketing of silver, gold, lead and zinc.� The company produces concentrates from these precious metals, which are then sold to smelters.� Hecla reported earnings per share of $0.01 in 2009.� This quarter, experts are expecting earnings of $0.05.
Newmont Mining Corp. (NEM)
Reports Earnings: Wednesday, July 28
With assets in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico, Newmont Mining Corp (NYSE: NEWM) is a gold producing company.� At the start of 2010, Newmont had proven and probable gold reserves of 91.8 million equity ounces, along with 33,400 square miles of aggregate land.� Analysts are predicting earnings for this quarter to be $0.86, after it reported an EPS of $0.43 a year ago.� Likewise, Newmont has outperformed earnings estimate three of the last four quarters.
Barrick Gold Corp. (ABX)
Reports Earnings: Thursday, July 29
Barrick Gold Corp. (NYSE: ABX) produces and sells gold and copper.� Barrick is also involved in the exploration and development of gold mines.� Additionally, the company holds interests in oil and gas properties in Canada.� Barrick�s EPS last year was $0.49 and experts are expecting earnings of $0.71 this quarter.� The gold producer has done well as of late, and has outperformed earnings estimates each of the last four quarters.
Triple-Digit Profits No Matter What the Market Does. You are not at the mercy of the markets. You can start adding triple-digit winners to your portfolio now if you’re ready to embrace the new rules of investing. Let Jon Markman, MSN Money Contributing Editor, show you how to make money every day in up markets AND down.
No comments:
Post a Comment