As of June 19, 2017, General Mills (GIS) stock was trading at a 12-month forward PE ratio of 17.9x, which compares favorably to the broader index.
Analysts expect General Mills (GIS) to post revenue of $3.8 billion in fiscal 4Q17, which reflects a fall of 4.3% compared to the corresponding quarter last year.
General Mills (GIS), like most of its peers, is focusing on cost-cutting measures to drive margin growth amid soft sales.
General Mills (GIS) is scheduled to report its fiscal 4Q17 results on Wednesday, June 28, 2017. Analysts expect the company to post adjusted EPS of $0.71.
General Mills (GIS) stock has fallen 7.5% on a YTD (year-to-date) basis and has underperformed its peers in terms of price appreciation as of June 19, 2017.
According to consensus estimates compiled by Thomson Reuters, Alcoa (AA) is expected to post revenues of $2.87 billion in 2Q17, compared to $2.65 billion in 1Q17.
Yelp’s EBITDA fell 15% to $44.9 million in 2016. Analysts expect the company to post EBITDA of $141.5 million in 2017.
Yelp’s Transaction segment’s revenues reached $18.1 million in 1Q17, up 25.0% from 1Q16.
Yelp’s overall revenues grew 24.4% in 1Q17 to $197.3 million.
Nielsen noted that 55% of people who have searched Yelp for a restaurant have ordered food delivery or takeout from a restaurant listed on Yelp.
In 1Q17, Yelp’s advertising revenues rose 24.0% year-over-year to $177.0 million.
Year-to-date through June 9, Yelp (YELP) stock has fallen 21.9%. However, Yelp’s 1Q17 EPS of $0.19 was an impressive beat of analysts’ EPS expectations of -$0.08.
Analysts expect United States Steel to post revenues of $2.98 billion in 2Q17. It posted revenues of $2.72 billion in 1Q17 and $2.58 billion in 2Q16.
According to consensus estimates compiled by Thomson Reuters, analysts expect United States Steel to post adjusted EBITDA of $286.0 million in 2Q17.
AK Steel is scheduled to release its 2Q17 earnings on July 25, 2017. It saw negative price action after its 1Q17 earnings release, despite better-than-expected earnings.
AK Steel buys iron ore from third parties based on the Vale model, which has a four-month lag to spot iron ore prices.
If lower guidance wasn’t enough to spook the markets, Nucor’s commentary on the US steel industry’s health added fuel to the fire.
Nucor (NUE) expects to post EPS of $1–$1.05 in 2Q17. To put this in context, the company posted EPS of $1.11 in 1Q17 and $0.76 in 2Q16.
Steel Dynamics (STLD) released its 2Q17 guidance on June 15, 2017, after the markets closed. The company expects to post EPS of $0.60–$0.64 in 2Q17.
Steel companies such as United States Steel (X) and AK Steel (AKS) are trading with massive year-to-date losses. Both of these stocks more than quadrupled last year.