We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ArcelorMittal (MT) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, ArcelorMittal (MT - Free Report) closed at $30.45, marking a -1.96% move from the previous day. This change lagged the S&P 500's daily loss of 0.35%.
Prior to today's trading, shares of the company had lost 4.93% over the past month. This has lagged the Basic Materials sector's loss of 1.2% and the S&P 500's gain of 3.36% in that time.
Investors will be hoping for strength from MT as it approaches its next earnings release, which is expected to be July 29, 2021. Meanwhile, our latest consensus estimate is calling for revenue of $18.26 billion, up 66.39% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.07 per share and revenue of $67.29 billion, which would represent changes of +1407.79% and +26.32%, respectively, from the prior year.
Any recent changes to analyst estimates for MT should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 23% higher within the past month. MT is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, MT is holding a Forward P/E ratio of 3.08. For comparison, its industry has an average Forward P/E of 6.06, which means MT is trading at a discount to the group.
It is also worth noting that MT currently has a PEG ratio of 2.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Steel - Producers was holding an average PEG ratio of 0.29 at yesterday's closing price.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 13, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ArcelorMittal (MT) Dips More Than Broader Markets: What You Should Know
In the latest trading session, ArcelorMittal (MT - Free Report) closed at $30.45, marking a -1.96% move from the previous day. This change lagged the S&P 500's daily loss of 0.35%.
Prior to today's trading, shares of the company had lost 4.93% over the past month. This has lagged the Basic Materials sector's loss of 1.2% and the S&P 500's gain of 3.36% in that time.
Investors will be hoping for strength from MT as it approaches its next earnings release, which is expected to be July 29, 2021. Meanwhile, our latest consensus estimate is calling for revenue of $18.26 billion, up 66.39% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.07 per share and revenue of $67.29 billion, which would represent changes of +1407.79% and +26.32%, respectively, from the prior year.
Any recent changes to analyst estimates for MT should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 23% higher within the past month. MT is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, MT is holding a Forward P/E ratio of 3.08. For comparison, its industry has an average Forward P/E of 6.06, which means MT is trading at a discount to the group.
It is also worth noting that MT currently has a PEG ratio of 2.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Steel - Producers was holding an average PEG ratio of 0.29 at yesterday's closing price.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 13, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.