Tue, Mar 3, 2015, 3:00 AM EST - U.S. Markets open in 6 hrs 30 mins


% | $
Quotes you view appear here for quick access.

Companhia Siderurgica Nacional (SID) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • mmports2010 mmports2010 Oct 28, 2010 1:41 PM Flag

    Big Earnings!

    Let's hope you are right. After Vales earnings yesterday we should expect great results from SID and big move up in the next month.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I’ve been watching SID for a while, and I have to say that I am very surprised that there wasn’t a bigger move today. I figured strong earnings would send the stock rocketing up as investors would feel more comfortable about its business despite a weakening demand for steel and weak earnings would collapse the stock price because investors would see that SID wasn’t immune to the global economy slowing down. Perhaps the small movement is due to people focusing on the company's EBITDA and not net income. SID missed analyst estimates by a huge margin. You can see that the average earnings estimate was 0.71 Real/share. SID only earned 0.48 Real/share, barely beating the low analyst estimate of 0.47 Real/share. You get 0.48 if you take net income (720,212,000) and divide it by shares outstanding (1,510,359,220). While EBITDA is important, I think overall profitability is more so.

1.73-0.05(-2.81%)Mar 2 4:01 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.