Earnings Outlook For Algoma Steel Gr
Portfolio Pulse from Benzinga Insights
Algoma Steel Gr (NASDAQ:ASTL) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $-0.22. The company's past earnings performance shows mixed results, with the last quarter missing EPS estimates by $0.11 but resulting in a 2.78% share price increase the following day. Over the last 52 weeks, ASTL shares have decreased by 1.9%, indicating potential concern among long-term shareholders ahead of the earnings announcement.
February 05, 2024 | 7:02 pm
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Algoma Steel Gr is expected to report an EPS of $-0.22 for the upcoming quarter. Historical data shows mixed earnings performance but a general downtrend in stock price over the last year.
Given the mixed historical earnings performance and the general downtrend in ASTL's stock price over the last year, the short-term impact of the upcoming earnings report is uncertain. While a positive surprise in earnings or forward guidance could provide a boost, the recent trend and last quarter's performance suggest a cautious outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100