Algoma Steel Group Inc reports results for the quarter ended in December - Earnings Summary

Algoma Steel

06/02/2024 23:53

* Algoma Steel Group Inc  ASTL.OQ  reported a quarterly
adjusted
loss of 78 cents​​ per share for the quarter ended in December. 
The mean expectation of three analysts for the quarter was for a
loss of 23 cents per share. Wall Street expected results to
range from -24 cents to -22 cents per share.
    * Revenue was C$615.40 million​; analysts expected C$606.33
million. 
    * Algoma Steel Group Inc's reported EPS for the quarter was
a loss
of 78 cents​.
    * The company reported a quarterly loss of C$84.8 million.
    * Algoma Steel Group Inc shares had fallen by 17.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 170.6% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 

This summary was machine generated from LSEG data February 6 at
11:53 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.23          -0.78          Missed
 Sep. 30 2023      0.31           0.24           Missed
 Jun. 30 2023      0.98           0.85           Missed