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POSCO (PKX)
NYSE:PKX
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.74Last Year’s EPS
-0.71Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -27.10%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
POSCO demonstrated strategic progress with international ventures and restructuring but faced significant challenges due to declining steel prices and weakened performance in China and battery materials.Company Guidance
During the third quarter of 2024, POSCO Holdings reported consolidated sales of KRW 18.321 trillion and an operating income of KRW 743 billion, maintaining levels similar to the second quarter despite challenging market conditions. The company's high-end steel products, which constitute 32% of sales, helped sustain operating profit amid falling steel prices. In the rechargeable battery materials segment, the company faced a challenging environment due to lithium hydroxide prices dropping below $10,000 per ton. POSCO's strategic initiatives included a joint venture with JSW Group in India to build a 5 million tonne capacity integrated steel mill, with investments also extending into the rechargeable battery materials and renewable energy sectors. POSCO's restructuring efforts freed up KRW 625.4 billion in cash, with plans to achieve KRW 2.6 trillion by 2026 through the divestment of 55 low-margin businesses and 70 non-core assets. The company also highlighted its lithium production advancements, with the completion of the POSCO Argentina Brine Lithium Phase 1 plant and a contract to supply 20,000 tonnes of lithium hydroxide for EVs in 2025.Strategic Alliance with JSW Group
POSCO signed an MOU with India’s JSW Group for a joint venture to build an integrated steel mill and collaborate on battery materials and renewable energy.
Completion of POSCO Argentina Brine Lithium Phase 1
The plant, with a capacity of 25,000 tonnes of lithium hydroxide, was completed and successfully produced 200 tonnes of lithium hydroxide.
Lithium Production and Sales Contracts
POSCO signed a contract to supply 20,000 tonnes of lithium hydroxide for EVs in 2025, with additional supply contracts expected next year.
Restructuring Initiatives
POSCO freed up KRW 625.4 billion in cash through restructuring efforts, including selling non-core assets.
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PKX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PKX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $62.29 | $60.82 | -2.36% |
| Jul 25, 2024 | $62.50 | $64.94 | +3.90% |
| Apr 25, 2024 | $71.38 | $71.04 | -0.48% |
| Jan 31, 2024 | $79.53 | $77.64 | -2.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does POSCO (PKX) report earnings?
POSCO (PKX) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is POSCO (PKX) earnings time?
POSCO (PKX) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PKX EPS forecast?
PKX EPS forecast for the fiscal quarter 2024 (Q4) is 0.74.
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