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

Algoma Steel

14/08/2024 01:00

* Algoma Steel Group Inc  ASTL.OQ  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 85 cents.  The lone analyst forecast for the
quarter was for a loss of 4 cents per share. 
    * Revenue fell 21.4% to C$650.50 million from a year ago;
analysts
expected C$605.17 million. 
    * Algoma Steel Group Inc's reported EPS for the quarter was
7
cents​.
    * The company reported quarterly net income of $6.1 million.
    * Algoma Steel Group Inc shares had risen by 27.9% this
quarter and lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 107.5% 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 August 14 at
12:00 a.m. UTC. ​All figures in US 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
 Jun. 30 2024      -0.04          0.07           Beat
 Mar. 31 2024      -0.01          0.10           Beat
 Dec. 31 2023      -0.23          -0.78          Missed
 Sep. 30 2023      0.31           0.24           Missed