Yahoo Finance TimkenSteel Third Quarter 2022 Earnings: EPS Misses Expectations
TimkenSteel (NYSE:TMST) Third Quarter 2022 Results
Key Financial Results
Revenue: US$316.8m (down 7.8% from 3Q 2021).
Net loss: US$13.3m (down by 126% from US$50.1m profit in 3Q 2021).
US$0.29 loss per share (down from US$1.08 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TimkenSteel EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the US are expected to remain flat.
Performance of the American Metals and Mining industry.
The company's shares are up 6.1% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for TimkenSteel that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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