Algoma Steel Q4 EPS $0.07 Beats $(0.01) Estimate, Sales $460.44M Miss $575.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Algoma Steel Group (NASDAQ: ASTL) reported Q4 earnings per share of $0.07, significantly beating the analyst estimate of $(0.01). However, the company's sales of $460.44 million missed the $575.00 million estimate, representing a 19.92% shortfall and an 8.11% decrease from the same period last year.
June 20, 2024 | 9:36 pm
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Algoma Steel Group (NASDAQ: ASTL) reported mixed Q4 results with EPS of $0.07 beating estimates by 800%, but sales of $460.44 million missing estimates by 19.92% and down 8.11% YoY.
The significant EPS beat is a positive indicator, but the substantial miss on sales and the year-over-year decline in revenue present concerns. This mixed performance is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100