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ArcelorMittal (MT) Stock Moves -0.53%: What You Should Know
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In the latest trading session, ArcelorMittal (MT - Free Report) closed at $32.03, marking a -0.53% move from the previous day. This change was narrower than the S&P 500's 1.03% loss on the day. Meanwhile, the Dow lost 1.48%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the company had gained 5.02% over the past month. This has outpaced the Basic Materials sector's loss of 1.08% and the S&P 500's loss of 0.62% in that time.
Wall Street will be looking for positivity from ArcelorMittal as it approaches its next earnings report date. In that report, analysts expect ArcelorMittal to post earnings of $3.38 per share. This would mark year-over-year growth of 1777.78%. Our most recent consensus estimate is calling for quarterly revenue of $19.96 billion, up 40.74% from the year-ago period.
MT's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $75.25 billion. These results would represent year-over-year changes of +1800% and +41.25%, respectively.
Any recent changes to analyst estimates for ArcelorMittal should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.28% lower. ArcelorMittal currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, ArcelorMittal is holding a Forward P/E ratio of 2.46. This represents a discount compared to its industry's average Forward P/E of 3.85.
Investors should also note that MT has a PEG ratio of 1.61 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Steel - Producers was holding an average PEG ratio of 0.15 at yesterday's closing price.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 53, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MT in the coming trading sessions, be sure to utilize Zacks.com.
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ArcelorMittal (MT) Stock Moves -0.53%: What You Should Know
In the latest trading session, ArcelorMittal (MT - Free Report) closed at $32.03, marking a -0.53% move from the previous day. This change was narrower than the S&P 500's 1.03% loss on the day. Meanwhile, the Dow lost 1.48%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Prior to today's trading, shares of the company had gained 5.02% over the past month. This has outpaced the Basic Materials sector's loss of 1.08% and the S&P 500's loss of 0.62% in that time.
Wall Street will be looking for positivity from ArcelorMittal as it approaches its next earnings report date. In that report, analysts expect ArcelorMittal to post earnings of $3.38 per share. This would mark year-over-year growth of 1777.78%. Our most recent consensus estimate is calling for quarterly revenue of $19.96 billion, up 40.74% from the year-ago period.
MT's full-year Zacks Consensus Estimates are calling for earnings of $13.09 per share and revenue of $75.25 billion. These results would represent year-over-year changes of +1800% and +41.25%, respectively.
Any recent changes to analyst estimates for ArcelorMittal should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.28% lower. ArcelorMittal currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, ArcelorMittal is holding a Forward P/E ratio of 2.46. This represents a discount compared to its industry's average Forward P/E of 3.85.
Investors should also note that MT has a PEG ratio of 1.61 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Steel - Producers was holding an average PEG ratio of 0.15 at yesterday's closing price.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 53, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MT in the coming trading sessions, be sure to utilize Zacks.com.