Arcelormittal Announces The Publication Of Its Q4 And FY23 Sell-Side Analyst Consensus Figures; Q4 EPS $(2.00); FY23 EPS $2.65
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal announced its Q4 and FY23 sell-side analyst consensus figures, including a Q4 EPS of $(2.00) and FY23 EPS of $2.65. The consensus, involving 11 brokers, reflects the sale of its Kazakhstan operations and anticipates a full impairment of its $1.4 billion investment in ADI. Notably, the impairment charge related to ADI is not included in the consensus net income and EPS figures.
February 05, 2024 | 9:21 pm
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NEUTRAL IMPACT
ArcelorMittal's Q4 and FY23 consensus figures indicate a challenging Q4 with a loss per share but an overall positive FY23 EPS. The sale of Kazakhstan operations and the anticipated full impairment of the ADI investment are significant factors.
The mixed EPS figures (loss in Q4 but overall gain in FY23) suggest a short-term negative impact balanced by long-term optimism. The sale of Kazakhstan operations and the ADI impairment are already factored into analyst expectations, indicating that the market may have partially absorbed these developments. However, the full impact of the ADI impairment on investor sentiment and the stock's performance remains uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100