|Bid||0.00 x 1100|
|Ask||0.00 x 1200|
|Day's Range||48.06 - 48.60|
|52 Week Range||26.27 - 52.80|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||5.63|
|Forward Dividend & Yield||0.42 (0.88%)|
|Ex-Dividend Date||Jun 29, 2020|
|1y Target Est||52.80|
South Korean steelmaker POSCO posted a 36% fall in year-on-year operating profit in the third quarter, but profits fell by less than expected as a rebound in the automobile industry underpinned demand for steel. The world's fifth-biggest steelmaker said steel production and sales recovered to pre-COVID-19 levels during the quarter as coronavirus restrictions eased globally, after demand for steel was hard hit by the pandemic earlier this year. POSCO said in a statement it expected continued improvement in sales and profitability, as well as solid cash flows, in the current quarter.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Zacks Analyst Blog Highlights: Commercial Metals Co, L.B. Foster, Schnitzer Steel Industries, POSCO and ArcelorMittal