ASPs (average selling prices) are a key metric that steel investors watch closely. In this part of our series, we’ll look at steel companies’ 4Q17 ASPs.
In this article, we’ll see what leading steel companies had to say about their shipment guidance.
Steel companies’ revenues are a function of average steel prices and shipments.
We’re reaching the end of 4Q17 earnings season, and most steel companies have released their results.
Of the 12 analysts tracking GWR stock, five (42%) have recommended a “strong buy,” and three (25%) have recommended a “buy.”
While GWR’s revenues rose 10% in the fourth quarter 2017, its operating expenses rose just 0.1%.
In this part of the series, we’ll assess Genesee & Wyoming’s (GWR) 4Q17 UK-Europe segment’s performance.
In 4Q17, Genesee & Wyoming’s (GWR) North America revenues were 56% of its total operating revenues.
In the fourth quarter 2017, Genesee & Wyoming reported 802,500 carloads, a rise of 4.7% from 766,500 units in 4Q16.
On February 8, 2018, Genesee & Wyoming (GWR) announced its 4Q17 results. It beat analysts’ adjusted diluted EPS estimate by 2.9%.
Old Dominion has a consensus rating of 2.73 from analysts polled by Thomson Reuters. Analysts have an overall “hold” opinion on the stock.
In 4Q17, Old Dominion’s reported operating margins improved by 90 basis points or 0.9% to 16.1% from 15.2% in 4Q16.
For fiscal 2017, Old Dominion’s revenues were $3.35 billion—up 12.3% from $2.99 billion the previous year.
Old Dominion announced its 4Q17 earnings on February 8, 2018. The company surpassed analysts’ adjusted diluted EPS estimates by 6.5%.
Currently, of the 24 analysts tracking Deere, 50% of the analysts have recommended the stock as a “buy.”
Deere is expected to post EPS (earnings per share) of $1.20 for fiscal 1Q18, an increase of 96.0% on a YoY (year-over-year) basis.
Deere (DE) is expected to report revenues of $6.4 billion in fiscal 1Q18 from its equipment operations.
Deere (DE) will announce its fiscal 1Q18 earnings on February 16, 2018, before the market opens.
In the week ended February 3, 2018, Calgary-based Canadian Pacific Railway (CP) registered a minor loss of 0.5% in its carload traffic.
In the week ended February 3, 2018, Canada’s largest freight railroad, Canadian National Railway (CNI) registered a slight 0.3% carload traffic loss.