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Compared to Estimates, ArcelorMittal (MT) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2026, ArcelorMittal (MT - Free Report) reported revenue of $16.47 billion, up 5.2% over the same period last year. EPS came in at $1.15, compared to $0.62 in the year-ago quarter.
The reported revenue represents a surprise of -6.32% over the Zacks Consensus Estimate of $17.58 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +43.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ArcelorMittal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Crude steel production - Total: 13.70 Mmt versus 13.51 Mmt estimated by two analysts on average.
Europe - Long shipments: 1,716.00 Kmt versus 1,992.92 Kmt estimated by two analysts on average.
North America - Average steel selling price: $1,228.00 versus $1,140.36 estimated by two analysts on average.
Brazil - Crude steel production: 3,669.00 Kmt versus 3,694.13 Kmt estimated by two analysts on average.
Brazil - Average steel selling price: $814.00 versus $815.94 estimated by two analysts on average.
Europe - Crude steel production: 7,247.00 Kmt versus 7,501.50 Kmt estimated by two analysts on average.
Europe - Average steel selling price: $974.00 compared to the $978.67 average estimate based on two analysts.
Sales- North America: $3.67 billion versus the two-analyst average estimate of $3.68 billion. The reported number represents a year-over-year change of +10.9%.
Sales- Brazil: $3.13 billion compared to the $3.2 billion average estimate based on two analysts. The reported number represents a change of +11.4% year over year.
Sales- Sustainable Solutions: $2.77 billion versus $2.3 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
Sales- Mining: $732 million compared to the $846.89 million average estimate based on two analysts. The reported number represents a change of 0% year over year.
Sales- Europe: $7.64 billion versus $7.9 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
Shares of ArcelorMittal have returned +0.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
View the Zacks #1 Rank List
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Compared to Estimates, ArcelorMittal (MT) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2026, ArcelorMittal (MT - Free Report) reported revenue of $16.47 billion, up 5.2% over the same period last year. EPS came in at $1.15, compared to $0.62 in the year-ago quarter.
The reported revenue represents a surprise of -6.32% over the Zacks Consensus Estimate of $17.58 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +43.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ArcelorMittal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for ArcelorMittal here>>>
Shares of ArcelorMittal have returned +0.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.