ArcelorMittal Q4 Adj. EPS $1.18 Down From $1.37 YoY, Sales $14.55B Miss $15.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal reported a decrease in Q4 adjusted EPS to $1.18 from $1.37 year-over-year and missed sales estimates with $14.55 billion against the expected $15.42 billion. This represents a 13.85% decrease in sales compared to the same period last year.
February 08, 2024 | 6:13 am
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NEGATIVE IMPACT
ArcelorMittal's Q4 earnings showed a decrease in adjusted EPS and missed sales estimates, indicating potential short-term negative impact on stock price.
The decrease in adjusted EPS and missed sales estimates are critical financial metrics that investors closely monitor. Missing the sales forecast by 5.63% and reporting a significant decrease in sales compared to the previous year could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100