Earnings Outlook For ArcelorMittal
Portfolio Pulse from Benzinga Insights
ArcelorMittal (NYSE:MT) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $-2.16. The company's past earnings performance shows mixed results with both beats and misses compared to estimates, leading to varied stock price reactions. Shares are currently trading at $27.38, reflecting a 6.87% decline over the last year. Investors are looking for positive guidance for the next quarter beyond the earnings results.
February 07, 2024 | 3:00 pm
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ArcelorMittal is expected to report a Q4 EPS of $-2.16, with past performance showing mixed results. Shares have declined by 6.87% over the last year.
The expected EPS of $-2.16 indicates a challenging quarter for ArcelorMittal, but investor focus will likely be on future guidance. Past performance shows that both earnings beats and misses have led to varied stock price reactions. The current share price reflects a year-to-date decline, suggesting investor caution. The short-term impact on MT's stock price will depend on whether the actual earnings beat expectations and the nature of the future guidance provided.
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