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Wall Street's Insights Into Key Metrics Ahead of ArcelorMittal (MT) Q3 Earnings
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In its upcoming report, ArcelorMittal (MT - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting an increase of 29% compared to the same period last year. Revenues are forecasted to be $17.58 billion, representing a year-over-year increase of 12.3%.
Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some ArcelorMittal metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Sales- North America' to come in at $3.68 billion. The estimate suggests a change of +11% year over year.
The combined assessment of analysts suggests that 'Sales- Brazil' will likely reach $3.20 billion. The estimate suggests a change of +14.1% year over year.
Analysts forecast 'Sales- Sustainable Solutions' to reach $2.30 billion. The estimate indicates a year-over-year change of -11.5%.
According to the collective judgment of analysts, 'Sales- Mining' should come in at $846.89 million. The estimate points to a change of +15.7% from the year-ago quarter.
It is projected by analysts that the 'Crude steel production - Total' will reach 14 millions of metric ton. The estimate is in contrast to the year-ago figure of 14 millions of metric ton.
The consensus among analysts is that 'Europe - Long shipments' will reach 1993 thousands metric tons. The estimate is in contrast to the year-ago figure of 1931 thousands metric tons.
Analysts' assessment points toward 'North America - Average steel selling price' reaching $1140.36 . The estimate is in contrast to the year-ago figure of $1102.00 .
The consensus estimate for 'Brazil - Crude steel production' stands at 3694 thousands metric tons. Compared to the current estimate, the company reported 3595 thousands metric tons in the same quarter of the previous year.
Analysts predict that the 'Brazil - Average steel selling price' will reach $815.94 . The estimate is in contrast to the year-ago figure of $739.00 .
The average prediction of analysts places 'Europe - Crude steel production' at 7501 thousands metric tons. Compared to the current estimate, the company reported 7251 thousands metric tons in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Europe - Average steel selling price' of $978.67 . The estimate compares to the year-ago value of $915.00 .
Based on the collective assessment of analysts, 'North America - Steel shipments' should arrive at 2754 thousands metric tons. Compared to the current estimate, the company reported 2615 thousands metric tons in the same quarter of the previous year.
Shares of ArcelorMittal have experienced a change of -5.5% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of ArcelorMittal (MT) Q3 Earnings
In its upcoming report, ArcelorMittal (MT - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting an increase of 29% compared to the same period last year. Revenues are forecasted to be $17.58 billion, representing a year-over-year increase of 12.3%.
Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some ArcelorMittal metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Sales- North America' to come in at $3.68 billion. The estimate suggests a change of +11% year over year.
The combined assessment of analysts suggests that 'Sales- Brazil' will likely reach $3.20 billion. The estimate suggests a change of +14.1% year over year.
Analysts forecast 'Sales- Sustainable Solutions' to reach $2.30 billion. The estimate indicates a year-over-year change of -11.5%.
According to the collective judgment of analysts, 'Sales- Mining' should come in at $846.89 million. The estimate points to a change of +15.7% from the year-ago quarter.
It is projected by analysts that the 'Crude steel production - Total' will reach 14 millions of metric ton. The estimate is in contrast to the year-ago figure of 14 millions of metric ton.
The consensus among analysts is that 'Europe - Long shipments' will reach 1993 thousands metric tons. The estimate is in contrast to the year-ago figure of 1931 thousands metric tons.
Analysts' assessment points toward 'North America - Average steel selling price' reaching $1140.36 . The estimate is in contrast to the year-ago figure of $1102.00 .
The consensus estimate for 'Brazil - Crude steel production' stands at 3694 thousands metric tons. Compared to the current estimate, the company reported 3595 thousands metric tons in the same quarter of the previous year.
Analysts predict that the 'Brazil - Average steel selling price' will reach $815.94 . The estimate is in contrast to the year-ago figure of $739.00 .
The average prediction of analysts places 'Europe - Crude steel production' at 7501 thousands metric tons. Compared to the current estimate, the company reported 7251 thousands metric tons in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Europe - Average steel selling price' of $978.67 . The estimate compares to the year-ago value of $915.00 .
Based on the collective assessment of analysts, 'North America - Steel shipments' should arrive at 2754 thousands metric tons. Compared to the current estimate, the company reported 2615 thousands metric tons in the same quarter of the previous year.
View all Key Company Metrics for ArcelorMittal here>>>Shares of ArcelorMittal have experienced a change of -5.5% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .