Cormark Comments on Stelco Holdings Inc.’s Q2 2022 Earnings (TSE:STL)

Stelco Holdings Inc. (TSE:STLGet Rating) – Stock analysts at Cormark upped their Q2 2022 earnings estimates for shares of Stelco in a research note issued to investors on Monday, May 9th. Cormark analyst D. Ocampo now expects that the company will post earnings per share of $5.16 for the quarter, up from their prior estimate of $2.34. Cormark also issued estimates for Stelco’s Q3 2022 earnings at $4.52 EPS, Q4 2022 earnings at $3.28 EPS, FY2022 earnings at $16.68 EPS, Q1 2023 earnings at $2.97 EPS, Q2 2023 earnings at $2.65 EPS, Q3 2023 earnings at $2.30 EPS, Q4 2023 earnings at $1.94 EPS, FY2023 earnings at $9.85 EPS and FY2024 earnings at $5.51 EPS.

Stelco (TSE:STLGet Rating) last issued its earnings results on Wednesday, February 23rd. The company reported C$6.79 earnings per share (EPS) for the quarter. The firm had revenue of C$1.19 billion during the quarter.

Separately, National Bank Financial downgraded Stelco from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Tuesday, March 29th.

Stelco has a 12-month low of C$21.00 and a 12-month high of C$26.50.

See Also

Earnings History and Estimates for Stelco (TSE:STL)

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