China Earnings: 10 Stocks With Upside
6. General Steel Holdings (GSI), through its subsidiary, manufactures steel, primarily hot-rolled steel for use in the manufacture of tractors, agricultural vehicles and other specialty markets. The company will report its fourth quarter 2010 results on Mar. 16.
Fourth-quarter 2010 sales are expected at $471.76 million, compared to $460.3 million recorded in the previous quarter and $451.9 million in the year ago-quarter, based on consensus estimates of analysts polled by Reuters. Earnings per share are seen coming in at 13 cents for 2010 fourth quarter as opposed to a loss of 26 cents in the same quarter a year ago.
Of the two analysts covering the stock, one recommends a buy, while the other rates a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain almost 75.4% to $4 from current levels over the next 12 months.
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