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

Algoma Steel

20/06/2024 23:29

* Algoma Steel Group Inc  ASTL.OQ  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in
January.  The mean expectation of three analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -2 cents to -1 cents per share.
    * Revenue was C$620.60 million​; analysts expected $575.00
million. 
    * Algoma Steel Group Inc's reported EPS for the quarter was
10
cents​.
    * The company reported quarterly net income of C$28 million.
    * Algoma Steel Group Inc shares had fallen by 14.0% this
quarter and lost 27.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 82.4%
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 June 20 at
10:28 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
 Mar. 31 2024      -0.01          0.10           Beat
 Dec. 31 2023      -0.23          -0.78          Missed
 Sep. 30 2023      0.31           0.24           Missed
 Jun. 30 2023      0.98           0.85           Missed