Australia's BlueScope steel climbs over 3-year peak as earnings beats estimate
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2025
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Source: Reuters
BlueScope Steel's Strong Performance: BlueScope Steel's shares reached a three-year high after reporting a half-year underlying profit of A$176 million, exceeding market expectations, and indicating potential benefits from U.S. steel tariffs.
Future Earnings Outlook: The company anticipates a significant increase in underlying EBIT for the second half of the year, projecting between A$360 million to A$430 million, alongside an interim dividend announcement of 30 Australian cents per share.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
