RE:4th Q Financials outSomewhat astounding.
EPS $.55 - missed the mean consensus by over 40 cents a share
Cash dropped by $586M or 42%
Selling price average down to $963 per ton (48% decrease from 4th Q 2021)
SP currently up over $1 (or + 2%) at $53.
A little perspective:
2021 was a record year for Stelco. They generated Earnings Per Share of $20.26 based on an average share count of 84,341 M
The day after reporting the annual numbers, they traded from $35.76 to $37.36 .. but by the end of March 2022 they closed at $51.99.
In 2022 Stelco generated earnings per share of $12.02 based on an average share count of 68,118 M
Of the $12.02 EPS, over 95% was generated in the 1st 3 quarters.
There 2021 EPS based on the current share count would be $25.09
So 2022 generated less than half of the 2021 EPS but the SP (heading into what could be categorized as much more uncertain times) is higher. (?)