Posco Holdings Expected to Return to Profit in First Quarter -- Earnings Preview

Dow Jones04-29
 

By Kwanwoo Jun

 

Posco Holdings is scheduled to report its first-quarter results on Thursday. Here's what you need to know:

 

NET PROFIT FORECAST: The South Korean steelmaker is expected to post a net profit of 332.39 billion won, equivalent to $225.7 million, for the January-March quarter, according to the consensus estimate of 13 analysts polled by FactSet.

 

REVENUE FORECAST: The consensus forecast is for revenue to have marginally fallen from a year earlier to 17.370 trillion won for the quarter, with operating profit likely to have increased slightly to 575.62 billion won.

Shares in the company have risen over 50% so far this year, largely in line with the benchmark Kospi's gain.

 

WHAT TO WATCH:

--RECOVERY: Projected net profit would rise 10% from a year earlier and mark a turnaround from the previous quarter's net loss, raising hopes that Posco will stay on track for an earnings recovery this year.

--STEEL PRICES: Some analysts said Posco could benefit from higher steel prices this year, supported by Seoul's antidumping duties on low-priced steel imports from China and Japan. Output cuts by Chinese steelmakers could also provide a favorable market backdrop for Posco, they added.

--AFFILIATES: Earnings at Posco's battery-material, natural-gas and construction affiliates will be closely watched, with some analysts expecting improved profitability in the quarter.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

(END) Dow Jones Newswires

April 28, 2026 23:57 ET (03:57 GMT)

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