Algoma Steel Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Algoma Steel

07/11/2024 04:15

* Algoma Steel Group Inc  ASTL.OQ  reported a quarterly
adjusted
loss of 68 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 24 cents.  The mean expectation of two analysts for the
quarter was for a loss of 28 cents per share. Wall Street
expected results to range from -28 cents to -27 cents per share.
    * Revenue fell 18.1% to $600.30 million from a year ago;
analysts
expected C$568.90 million. 
    * Algoma Steel Group Inc's reported EPS for the quarter was
a loss
of 98 cents​.
    * The company reported a quarterly loss of C$106.6 million.
    * Algoma Steel Group Inc shares had risen by 3.1% this
quarter and
gained 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2,850% 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 November 7 at
04:15 a.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
 Sep. 30 2024      -0.27          -0.68          Missed
 Jun. 30 2024      -0.04          0.07           Beat
 Mar. 31 2024                     0.10           
 Dec. 31 2023      -0.23          -0.78          Missed