Earnings season: POST forecast for AK Steel and Coca-ColaStaff Writer | April 25, 2017
The earnings season continues with two big companies from different industries: AK Steel and Coca-Cola.
Earnings season Drinks and steel
U.S. steel stocks surged Thursday after President Trump signed a directive requesting a probe into imports of foreign-made steel and AK Steel's shares jumped. But, Shares of AK Steel have fallen approximately 33.2 percent this year and the price are yet to recover.
POST forecast is EPS $0.15 and revenue $1.48 billion
Last quarter, Coca-Cola posted a positive earnings surprise of 2.78% and the company surpassed earnings estimates in each of the past four quarters. The company has been struggling to boost sales amid weak demand in certain emerging and developing markets and shift in consumer preference.
Foreign exchange is a major headwind for Coca-Cola with almost half of its revenues coming from outside the U.S.
POST forecast is EPS $0.44 and revenue $8.97 billion. ■