ArcelorMittal SA reports results for the quarter ended in September 30 - Earnings Summary

ArcelorMittal SA

07/11/2024 14:21

* ArcelorMittal SA  MT.AS  reported quarterly adjusted
earnings of
37 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $1.10.  The mean expectation of eight analysts for the
quarter was for earnings of 55 cents per share. Wall Street
expected results to range from 46 cents to 71 cents per share.
    * Revenue fell 8.5% to $15.20 billion from a year ago;
analysts
expected $15.07 billion. 
    * ArcelorMittal SA's reported EPS for the quarter was 37
cents​.
    * The company reported quarterly net income of $287 million.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "buy"

Wall Street's median 12-month price target for ArcelorMittal SA
is €27.50 
This summary was machine generated from LSEG data November 7 at
02:21 p.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
 Sep. 30 2024      0.55           0.37           Missed
 Jun. 30 2024      0.86           0.63           Missed
 Mar. 31 2024      0.92           1.16           Beat
 Dec. 31 2023      -2.16          1.18           Beat