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On Deck for Earnings this Week: AK Steel, Energizer Holdings, and E*TRADE (AKS, ENR, ETFC)

Submitted by WSN_Staff on Sun, 01/24/2010 - 19:47.
in
Investing Ideas (3)

Reporting earnings this week are AK Steel Holding Corporation (NYSE:AKS), Energizer Holdings, Inc. (NYSE:ENR) and on Wednesday E*TRADE Financial Corporation (NASDAQ:ETFC).

Ticker
 Company name Price Mkt Cap
AKS AK Steel Holding Corp. $20.19 2.21B
ENR Energizer Holdings, Inc. $59.59 4.16B
ETFC E TRADE Financial Corp. $1.64 3.06B

AK Steel Holding Corporation (NYSE:AKS) takes center stage first thing tomorrow morning (Jan 25th) and will report Q4 2009 earnings. The Street's average estimate for AK Steel is a bullish profit of 20 cents a share on revenue of $1.2 billion.  AK Steel (AKS) shares closed at $20.19 on Friday and thus far into 2010 the stock is down 5.4%. 

AK Steel (AKS) analysts' estimates for the quarter ending December 2009 range from a low of $0.19 to a high of $0.28 with a consensus of $0.208. For the fiscal quarter ending December 2009, the consensus EPS forecast has remained the same over the past week at $0.208 and increased over the past month from $0.207 to $0.208 (0.48%). Of the 13 analysts making quarterly forecasts, 1 raised and none lowered their forecast.

Energizer Holdings, Inc. (NYSE:ENR) reports earnings on Tuesday, Jan 26th and in 2010 its stock only down 2.7%.  Both Goldman (GS) and Morgan Stanley (MS) made comments on Energizer this past week.  Morgan Stanley downgraded Energizer Holdings, Inc. (NYSE:ENR) to Equal-weight and set a  $67 price target. The firm believes that Energizer is going to be hurt due to battery pricing falling in 2010.

However Goldman Sachs (GS) increased their estimates on Energizer (ENR) through 2012 citing battery trends are improving. Goldman has a Neutral rating on Energizer Holdings, Inc. (NYSE:ENR), once again Engergizer will deliver Q1 2010 Earnings on Tuesday.

Last but not least E*TRADE Financial Corporation (NASDAQ:ETFC) which trades for under $2 will host its Q4 2009 Earnings Conference Call Wednesday Jan 27th at 5:00PM EST.  E*TRADE is slated to report Q4 2009 Earnings later that day at 11:00AM EST.

The Street is expecting E*TRADE (ETFC) to lose 3 to 4 Cents per share and needs some good news to lift its share price back to the $2 level otherwise this stock could drop right back to the $1.50 range.  

E*TRADE 101:


E*TRADE Financial Corp.
$
1.64

ETFC
-0.10
Short Interest (Shares Short)
89,958,700
Days To Cover (Short Interest Ratio)
2.5
Short Percent of Float
9.69 %
Short Interest - Prior
101,659,200
Short % Increase / Decrease
-11.51 %
Short Squeeze Ranking™
11
% From 52-Wk High ($
2.90 )
-76.83 %
% From 52-Wk Low ($
0.59 )
64.02 %
% From 200-Day MA ($
1.59 )

3.05 %

 

% From 50-Day MA ($
1.74 )
-6.10 %
Price % Change (52-Week)
43.80 %

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