Does The Street Have ArcelorMittal Figured Out?
ArcelorMittal (NYS: MT) is expected to report Q4 earnings on Feb. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ArcelorMittal's revenues will contract -16.5% and EPS will remain in the red.
The average estimate for revenue is $18.74 billion. On the bottom line, the average EPS estimate is -$2.78.
Last quarter, ArcelorMittal reported revenue of $19.72 billion. GAAP reported sales were 19% lower than the prior-year quarter's $24.21 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.31. GAAP EPS were -$0.46 for Q3 against $0.19 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 6.8%, 310 basis points worse than the prior-year quarter. Operating margin was 0.9%, 430 basis points worse than the prior-year quarter. Net margin was -3.6%, 630 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $84.41 billion. The average EPS estimate is -$1.89.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,051 members out of 2,112 rating the stock outperform, and 61 members rating it underperform. Among 482 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 471 give ArcelorMittal a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ArcelorMittal is outperform, with an average price target of $25.50.
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The article Does The Street Have ArcelorMittal Figured Out? originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of ArcelorMittal. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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