Algoma Steel Gr (NASDAQ:ASTL) is set to give its latest quarterly earnings report on Wednesday, 2024-11-06. Here's what investors need to know before the announcement.
Analysts estimate that Algoma Steel Gr will report an earnings per share (EPS) of $-0.27.
The market awaits Algoma Steel Gr's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Performance in Previous Earnings
In the previous earnings release, the company missed EPS by $0.01, leading to a 3.2% increase in the share price the following trading session.
Here's a look at Algoma Steel Gr's past performance and the resulting price change:
| Quarter | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| EPS Estimate | -0.04 | -0.01 | -0.22 | 0.29 |
| EPS Actual | -0.05 | 0.07 | -0.57 | 0.18 |
| Price Change % | 3.0% | -2.0% | -0.0% | 3.0% |
Performance of Algoma Steel Gr Shares
Shares of Algoma Steel Gr were trading at $10.42 as of November 04. Over the last 52-week period, shares are up 45.78%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Algoma Steel Gr visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
