Algoma Steel Group Inc reports results for the quarter ended September 30 - Earnings Summary

• Algoma Steel Group Inc reported a quarterly adjusted loss of C$1.18​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of three analysts for the quarter was for a loss of 74 cents per share. Wall Street expected results

• Revenue fell 52.4% to C$249.40 million from a year ago; analysts expected C$247.00 million.

• Algoma Steel Group Inc's reported EPS for the quarter was a loss of C$1.18​.

• The company reported a quarterly loss of C$129.6 million.

• Algoma Steel Group Inc shares had risen by 15.1% this quarter and gained 17.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

This summary was machine generated from LSEG data October 29 at 12:07 a.m. UTC. ​All figures in Canadian 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)