ArcelorMittal SA reports results for the quarter ended September 30 - Earnings Summary

• ArcelorMittal SA reported a quarterly adjusted loss of 52 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of four analysts for the quarter was for earnings of 91 cents per share. Wall Street expected results to range from 83 cents to 98 cents per share.

• Revenue rose 5.2% to $16.47 billion from a year ago; analysts expected $17.51 billion.

• ArcelorMittal SA's reported EPS for the quarter was a loss of 52 cents​.

• The company reported a quarterly loss of $391 million.

• ArcelorMittal SA shares had fallen by 6.4% this quarter and gained 37.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy"

• Wall Street's median 12-month price target for ArcelorMittal SA is $80.15, about 22% above its last closing price of $62.49

This summary was machine generated from LSEG data November 5 at 10:36 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)