TimkenSteel (TMST) Announces Share Buyback & Budget for 2022
Zacks Investment Research | Dec 26, 2021 09:29PM ET
TimkenSteel Corporation industry .
TimkenSteel sees fourth-quarter shipment to be lower than third-quarter levels. Although its order book is full for the rest of 2021, fourth-quarter shipments are expected to be affected by reduced melt utilization stemming from the recently completed annual Faircrest melt shop maintenance shutdown. The company also noted that periodic automotive customer manufacturing outages due to the chip shortage might impact mobile shipments in the fourth quarter.
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Chemours has an expected earnings growth rate of 105.1% for the current year. The Zacks Consensus Estimate for the current year has been revised 10% upward in the past 60 days.
Chemours beat the Zacks Consensus Estimate for earnings in all of the last four quarters. The company has a trailing four-quarter earnings surprise of roughly 34.2%, on average. CC has increased 22.8% over a year. Chemours currently sports a Zacks Rank #1.
AdvanSix has a projected earnings growth rate of 194.5% for the current year. ASIX's consensus estimate for the current year has been revised 5.9% upward in the past 60 days.
AdvanSix beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 127.6%. ASIX has rallied 123.5% in a year. AdvanSix currently flaunts a Zacks Rank #1.
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