Algoma Steel Gr Q1 EPS $0.63 Misses $0.70 Estimate, Sales $615.78M Beat $611.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Algoma Steel Gr (NASDAQ:ASTL) reported Q1 earnings of $0.63 per share, missing the analyst consensus estimate of $0.98 by 35.43%. The company also reported quarterly sales of $615.78 million, missing the analyst consensus estimate of $790.80 million by 22.13%. This represents a decrease in earnings and sales compared to the same period last year.
August 10, 2023 | 9:36 pm
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Algoma Steel's Q1 earnings and sales fell short of analyst estimates, indicating a potential negative impact on the company's stock.
Algoma Steel's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
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